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 CO₂ 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: a.schulze@steico.com
www.steico.com