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Steico SE
Earnings Release • Apr 22, 2025
4524_rns_2025-04-22_9044e367-42fd-4fce-9f0e-8276b16450e8.html
Earnings Release
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Corporate | 22 April 2025 17:35
STEICO SE: Q1 2025 – solid growth despite strained construction sector
STEICO SE / Key word(s): Quarter Results
STEICO SE: Q1 2025 – solid growth despite strained construction sector
22.04.2025 / 17:35 CET/CEST
The issuer is solely responsible for the content of this announcement.
STEICO SE: Q1 2025 – solid growth despite strained construction sector
Feldkirchen near Munich, 22 April 2025 – (ISIN DE000A0LR936) – The STEICO Group continues to face a very challenging environment due to the weak construction industry. Nevertheless, revenue increased by 6.2% to € 101.8 million in the first quarter 2025 (previous year: € 95.9 million). At € 97.5 million, total operating performance was up 4.7% on the previous year (€ 93.2 million). The reasons for this growth are the relative strength of timber construction, the rising refurbishment activity in many markets and the increasing market penetration in attractive growth markets and segments.
At € 17.0 million, EBITDA was down 4.0% on the previous year (€ 17.8 million), while EBIT totalled € 8.9 million, down 17.6% on the previous year (€ 10.8 million). The EBIT ratio is 9.2% (in relation to total operating performance).
Earnings are influenced, among other things, by lower income from currency hedging totalling € 2.4 million (previous year: € 7.4 million) and the sale of unneeded CO 2 certificates amounting to € 2.3 million (previous year: € 0.8 million). At the same time, depreciation and amortisation increased with the partial commissioning of the Gromadka plant. Adjusted for these effects, however, the profitability of the underlying business improved noticeably.
The company management does not yet expect a sustained recovery in the construction industry for 2025 as a whole. In addition, the competitive situation is likely to remain tense. The Executive Board therefore anticipates growth of 3% to around € 388 million (previous year: € 376.3e* million). In terms of earnings, an EBIT ratio of between around 7% and 9% is expected, which corresponds to EBIT of between around € 27 million and € 35 million.
* Preliminary figure, see ad hoc announcement dated 13 January 2025
Contact
STEICO SE
Andreas Schulze
Head of Investor Relations
Otto-Lilienthal-Ring 30
85622 Feldkirchen
Phone: +49-(0)89-99 15 51-548
Fax: +49-(0)89-99 15 51-704
E-mail: [email protected]
22.04.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group.
The issuer is solely responsible for the content of this announcement.
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| 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 – 700 |
| E-mail: | [email protected] |
| Internet: | http://www.steico.com |
| ISIN: | DE000A0LR936 |
| WKN: | A0LR93 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange |
| EQS News ID: | 2121668 |
| End of News | EQS News Service |
2121668 22.04.2025 CET/CEST