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MarketScreener Homepage  >  Equities  >  Xetra  >  Steico SE    ST5   DE000A0LR936

STEICO SE

(ST5)
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2018-10-17 - Corporate News: Q3 Report

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10/17/2018 | 02:33pm EDT

STEICOSE:Recordbreaking revenueswithdisproportionate earningsgrowth

•InterimreportonQ32018provesgrowth trend 

Feldkirchen(Munich),17October2018-TheSTEICO

Group(ISINDE000A0LR936)publisheditsinterimreport onQ32018today.  9monthgrowth

KPI

9M2018

9M2017

Revenues

187.7€m

173.3€m

Totaloperatingrevenue(TOR)

184.5€m

172.3€m

EBITDA

33.3€m

28.1€m

EBITDAMargemarginasa percentageofTOR

18.0%

16.3%

EBIT

19.6€m

16.4€m

EBITMargemarginasa percentageofTOR

10.6%

9.5%

Netincomefortheperiod

13.5€m

10.5€m

Equityratioin% (forcomparision:51.3%asof 30.06.2018)

53.1%

48.3%

 TheSTEICOGroupoperatesinadynamicmarket environmentandonceagainrecordedrecordbreaking growthinthethirdquarterof2018.Revenuesinthefirstnine monthswereup8.3%yearonyear,from€173.3millionto€ 187.7million.Inaddition,earningsonceagainenjoyed disproportionategrowth.EBITDAinthefirstninemonthswas up18.5%yearonyear,from€28.1millionto€33.3million. EBITgrewby19.5%to€19.6million(previousyear:€16.4 million).Netincomefortheperiodgrewby28.6%to€13.5 million(previousyear:€10.5million).

Operatingbusinesswasalsoverysuccessfulinthethird quarter.Thehighestrevenuesinthecompany'shistory totaling€64.9millionwererecorded.

Outlook Thecompany'smanagementhasconfirmeditsforecastof revenuegrowthintheuppersingledigitpercentagerange fortheyearasawhole.Intermsofearnings,disproportion ategrowthisalsoforecastfortheyearasawhole.

 Theboardofdirectorsisalsoforecastingcontinuedrevenue andearningsgrowthforthecomingyear.Thepositive economyintheconstructionsectorinmostEuropean countriesshouldcontributetothis,aswilltheunrelenting trendtowoodenconstruction.Incontrast,however,thereis uncertaintyconcerningthecoursethattheBrexitnegotia tionswilltake,andintheworstcasethiscouldhavea negativeimpactontheUKconstructionsector.

 Particularlypositiveimpetusfor2019isexpectedfromthe newlinesforwoodfiberinsulationmaterials.Inaddition,the quantityoflaminatedveneerlumberproducedin2019is expectedtoincreaseagainsignificantly.

 Thecompletereportcanbedownloadedfrom www.steico.com/ir 

Companyprofile

STEICOdevelops,producesandmarketsecologicalconstructionproducts madeofrenewablerawmaterials.STEICOistheEuropeanmarketleaderinthe woodfiberinsulationmaterialssegment.

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 AndreasSchulze STEICOSE 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

Disclaimer

Steico SE published this content on 17 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 October 2018 18:32:09 UTC

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Financials (€)
Sales 2019 283 M
EBIT 2019 29,5 M
Net income 2019 20,5 M
Debt 2019 73,5 M
Yield 2019 1,28%
P/E ratio 2019 15,76
P/E ratio 2020 14,23
EV / Sales 2019 1,39x
EV / Sales 2020 1,26x
Capitalization 320 M
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Mean consensus BUY
Number of Analysts 2
Average target price 30,2 €
Spread / Average Target 33%
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Managers
NameTitle
Udo Detlev Schramek Chairman-Supervisory Board, CEO & MD-Auditing
David Meyer MD-Finance, Accounting & Controlling
Holger Jödecke MD-Legal, Personnel & Information Technology
Uto Baader Deputy Chairman-Supervisory Board
Jürgen Klass Member-Supervisory Board
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