EQS-News: STEICO: Correction to the corporate news from 19 April 2024. Net profit for the period Q1 2024: € 5.9 million; previous year € 2.1 million.
Source: EQS
Correction of a formatting error: In the Feldkirchen near Business Development Q1 2024
The stabilisation trend continued in the first quarter of 2024. Falling inflation, stable interest rates and a constant competitive situation are also stabilising demand for At the same time, earnings benefited from falling procurement prices and the effects of the cost-cutting programme launched in 2023. At € 17.8 million, EBITDA for the first quarter was 38.5% higher than in the previous year while EBIT grew by 85.1% to € 10.8 million. The EBITDA margin is 19.1% and the EBIT margin is 11.6% (both in relation to total operating revenues, accounting in accordance with German GAAP). The company management is cautious about the rest of the year, but expects the market situation to stabilise further. Provided there are no negative effects from further economic and competitive developments, the company management expects sales in 2024 to remain at the previous year's level of around € 365 million and an EBIT ratio of between 9% and 11% (in relation to total operating revenues). The complete financial reports can be downloaded at https://www.steico.com/en/investor-relations/investors-information
Company profile 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 insulation made of wood fibres and cellulose. Sealing products for the building shell complete the overall system. The Kontakt
|
Language: | English |
Company: | |
Otto-Lilienthal-Ring 30 | |
85622 Feldkirchen | |
Phone: | +49 - (0)89 - 99 15 51 - 0 |
Fax: | +49 - (0)89 - 99 15 51 - 700 |
E-mail: | info@steico.com |
Internet: | http://www.steico.com |
ISIN: | DE000A0LR936 |
WKN: | A0LR93 |
Listed: | Regulated Unofficial Market in |
EQS News ID: | 1885213 |
End of News |
|
1885213 20.04.2024 CET/CEST