2018-10-17 - Corporate News: Q3 Report

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

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

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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.

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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 

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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:[e-mail]www.steico.com

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