DGAP-News: STEICO SE / Key word(s): Preliminary Results/Forecast
Preliminary business figures: STEICO confirms sales and earnings record for 2020
* Sales at € 308.8 million (+9.9% year-on-year). EBIT at € 33.3 million (+2.4% year-on-year)
* Continued positive outlook for 2021
Year-on-year comparison - 2020/2019
Quarterly comparison - Q4 2020/Q4 2019
Management is continuing to be very positive about 2021. Increased ecological awareness as well as national and European programmes that combine climate protection with economic promotion should lead to an increase in demand for ecological insulation materials and a further strengthening of the timber construction market.
The STEICO Group's constant increases to its capacity reserves mean that the Group is excellently positioned to continue its growth. Unless there are additional negative effects from developments in the pandemic, the Board of Directors believes that in 2021 revenues will lift by more than 10% with an EBIT ratio of 11% to 12% (in terms of total operating revenue).
The corporate news can be downloaded from
STEICO is positioned as a system provider for ecological residential construction and is the only manufacturer in the industry to offer an integrated wooden construction system in which innovative wooden construction components and ecological insulation material supplement each other.
Laminated veneer lumber and I-joists form the structural components of the system. The insulation materials include flexible and stable wood fiber insulation panels, facade insulation materials, as well as cavity wall insulation made of wood fibers and cellulose. Sealing products for the building shell complete the overall system.
The STEICO Group offers its customers a unique range of products through to the prefabrication of complete components for timber element construction. The Munich-based company's products are used in new construction and when renovating roofs, walls, ceilings, floors and facades. STEICO's products allow the construction of future-proof, healthy buildings with a particularly high quality of living and a healthy atmosphere. STEICO's products offer reliable protection against cold, heat and also noise, and they permanently improve the building's energy efficiency.
01.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
+49 - (0)89 - 99 15 51 - 0
+49 - (0)89 - 99 15 51 - 700
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID:
End of News
DGAP News Service