STEICO SE
STEICO SE: Continued growth with margins soaring
DGAP-News: STEICO SE / Key word(s): Final Results/Quarter Results STEICO SE: Continued growth with margins soaring * Preliminary figures confirmed by final financial statements 2016 * The administrative board proposes a dividend of 0.18 Euro per share for the financial year 2016 * Solid and profitable growth in first quarter 2017 Business Development 2016
The STEICO Group brought 2016 to a close with new record-breaking earnings. Revenues were up by 10.6% to EUR 208.9 million. The “Brexit” vote and the subsequent weakening of sterling did slow the pace of growth, however on the whole both wood-fiber insulation materials and also i-joists and laminated veneer lumber recorded substantial growth. In 2016, STEICO benefited in particular from the high capacity uptake in its insulation material lines and the positive impact of taking its own production line for laminated veneer lumber into operation. As a result, earnings enjoyed above-average growth. EBITDA improved by 34.4% to EUR 33.2 million. EBIT lifted by 50.0% to EUR 18.3 million. Net income for the period was up 43.2% year-on-year at EUR 11.6 million. Earnings per share amounted to EUR 0.90 (previous year: EUR 0.63). Dividend proposal First quarter 2017: solid and profitable growth
The company’s management believes that the positive growth will continue and is forecasting fiscal year 2017 to be strong. Outlook The complete financial reports can be downloaded at www.steico.com/ir
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 insulation material and construction components supplement each other. These include flexible and stable wood fiber insulation panels, composite thermal insulation systems, insulation panels with a reinforcing effect, as well as cavity wall insulation made of wood fibers and cellulose. The construction elements comprise I-joists and laminated veneer lumber. In addition, the STEICO group also produces fiberboard and operates in the wood trade. 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. Contact:
26.04.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | STEICO SE |
Otto-Lilienthal-Ring 30 | |
85622 Feldkirchen | |
Germany | |
Phone: | +49 – (0)89 – 99 15 51 – 0 |
Fax: | +49 – (0)89 – 99 15 51 – 99 |
E-mail: | info@steico.com |
Internet: | http://www.steico.com |
ISIN: | DE000A0LR936 |
WKN: | A0LR93 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange; Open Market (Basic Board) in Frankfurt |
End of News | DGAP News Service |