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MarketScreener Homepage  >  Equities  >  Xetra  >  STEICO SE    ST5   DE000A0LR936

STEICO SE

(ST5)
  Report  
Delayed Quote. Delayed Xetra - 10/18 11:35:59 am
25.4 EUR   +2.01%
10/162019-10-16 CORPORATE NEWS : Q3 report
PU
10/16STEICO SE : Strong operating growth with significant earnings increase
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09/302019-09-30 - AD-HOC : Change Board of Directors
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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 (EUR)
Sales 2019 287 M
EBIT 2019 32,4 M
Net income 2019 23,5 M
Debt 2019 70,0 M
Yield 2019 1,18%
P/E ratio 2019 15,2x
P/E ratio 2020 14,0x
EV / Sales2019 1,49x
EV / Sales2020 1,29x
Capitalization 358 M
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Technical analysis trends STEICO SE
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 2
Average target price 31,00  €
Last Close Price 25,40  €
Spread / Highest target 26,0%
Spread / Average Target 22,0%
Spread / Lowest Target 18,1%
EPS Revisions
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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