STEICO : EN Q3 Report 2024
ST5.DE
SOCIETAS EUROPAEA
The Green Share
Group interim report on 9M/Q3 2024
9MStable business performance with a pick-up in demand in the third quarter
Natural building products for healthier living
Group interim report on 9M/Q3 2024
9M 2024 - stable business performance with a pick-up in demand in the third quarter
At € 291.0 million, cumulative Group sales after the first nine months of 2024 were up 3.1% on the same period of the previous year. In the third quarter, a pick-up in demand was recorded in some markets despite a strong competitive situation. At
Earnings also improved over the nine-month period. EBITDA increased by 45.9% to € 69.1 million compared to the same period of the previous year while EBIT increased by 86.4% to € 47.9 million. This development is strongly supported by earnings from currency hedging of € 25.6 million (PY € 9.2 million) recognised under German GAAP.
As previously indicated, the Management Board expects that these gains will not be generated to a comparable extent in the future.
This is evidenced by the fact that earnings slowed in the third quarter of 2024, compared to the second quarter of 2024.
The fourth quarter is usually weaker due to weather conditions. In view of the positive performance to date, management expects revenue of in the region of € 375 million, approx. 3% above prior year.
During Q4 lower income from currency hedging and increased depreciation due to the commissioning of the new facility at Gromadka will prevent further earnings development. Based on these factors management expects to close the year with a comparatively high EBIT of around €53 to €55 million.
9M 2024 Revenue growth in € millions
9M 2024 EBIT growth in € millions
375
300
225
150
75
€m
+3.1%
50
291.0
282.4
40
30
20
10
€m
9M
2023
9M
2024
+86.4% 47.9
25.7
9M
2023
9M
2024
Company profile
STEICO develops, produces and markets ecological construction products made of renewable raw materials. STEICO is the global market leader for wood fibre insulation materials.
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 fibre insulation panels, facade insulation materials, as well as cavity wall insulation made of wood fibres and cellulose.
Disclaimer
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 façades. 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.
This document is a translated version of the German original document. The translation has been prepared with utmost care. However, only the German original document is binding.
2 STEICO Group interim report on 9M/Q3 2024
N
O
I
T
A
S
S
U
L
T
E
IN
I
E
C
O
R
IB
F
WOOD-
Engineered by nature
STEICO engineered by nature
Sustainable products -
for renovation and new builds
sustainable production
The STEICO Group is the world market leader
The STEICO Group is committed to sustainable
in the production and sale of ecological
forestry - the wood used comes from forests
wood fibre insulation materials and a leading
certified according to the strict rules of the
supplier of innovative timber construction
PEFC. All products have the necessary building
products. STEICO occupies a unique position
authority approvals. In addition, independent
on the market with the industry's largest
product testing by the IBR® (Institute for
product range of ecological insulation mate-
Building Biology Rosenheim) guarantees the
rials and an innovative construction systems
high quality of the products. The STEICO
for timber construction. Almost the entire
Group also sets standards in environmentally
load-bearing and insulating shell of a building
friendly production and uses, for example,
can be constructed with STEICO products.
CO2-neutral biomass as an energy source.
engineered by nature
STEICO SE, Otto-Lilienthal-Ring 30, 85622 Feldkirchen (GER)
Phone +49 89 99 15 51-0, Fax +49 89 99 15 51-700
www.steico.com, E-mail: [email protected]
PEFC/04-31-2550
Promoting
Sustainable Forest
Management
www.pefc.org
®
Quality
Management
ISO 9001:2015
Environmental
Management
ISO 14001:2015
10 / 2024
INT
Disclaimer
Steico SE published this content on October 21, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on October 21, 2024 at 16:26:03.943.