Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Steico SE    ST5   DE000A0LR936

STEICO SE

(ST5)
  Report  
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener Strategies

STEICO SE: Continued growth with above-average improvement in earnings

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/26/2018 | 03:20pm EDT

DGAP-News: STEICO SE / Key word(s): Final Results/Quarterly / Interim Statement
STEICO SE: Continued growth with above-average improvement in earnings

26.04.2018 / 21:15
The issuer is solely responsible for the content of this announcement.


STEICO SE: Continued growth with above-average improvement in earnings

* Preliminary figures confirmed by final financial statements 2017

* The supervisory board proposes a dividend of 0.21 Euro per share for the financial year 2017

* Profitable growth despite negative impact from weather in Q1 2018

Feldkirchen near Munich, 26. April 2018 - Today the STEICO group (ISIN DE000A0LR9368) released its annual report for the financial year 2017 and its interim report for the first quarter 2018.

Business Development 2017

KPI 2017 2016
Revenue 230.3 EURm 208.9 EURm
Total operating revenue (TOR) 232.3 EURm 210.8 EURm
EBITDA 37.9 EURm 33.2 EURm
EBITDA-Margin in % TOR 16.3% 15.7 %
EBIT 22.0 EURm 18.3 EURm
EBIT-Margin in % TOR 9.5% 8.7 %
Equity ratio in %
(as of 31.12.)
53.9% 47.6 %
Consolidated net income 15.3 EURm 11.6 EURm
Earnings per share 1.08 EUR 0.90 EUR
 

The STEICO Group once again recorded new records for its revenues and earnings in 2017.

Revenue improved by 10.2% to EUR 230.3 million. EBITDA improved by 14.2% to EUR 37.9 million and EBIT lifted by 20.2% to EUR 22.0 million. Net income increased by 31.9% to EUR 15.3 million.

The EBITDA margin of 16.3 and the EBIT margin of 9.5% mean that 2017 was also the most successful year in STEICO's history in terms of its earnings.

In 2017 STEICO once again benefited from economies of scale as a result of the high level of capacity uptake for the production lines. In addition synergies can be realised as a result of the integrated production of Laminated Veneer Lumber and wood fibre insulaltion materials. Revenue growth in the United Kingdom was slower as a result of the devaluation of Sterling, however it was possible to compensate for this thanks to continued growth on other markets, in particular in France and Germany.

Earnings per share amounted to EUR 1.08 (previous year: EUR 0.90).

Dividend proposal
Based on the positive business development the board of administration proposes to the 2018 annual general meeting at June 21 to appropriate the net retained profits in 2017 to pay a dividend of 0.21 EUR per share (dividend 2017: 0.18 EUR per share). The volume of the dividend distribution would amount to 2,957,527.65 EUR in total.

First quarter 2018: Profitable growth despite
negative impact from weather
The first quarter has followed on seamlessly from the previous record-breaking quarters. New historic highs were recorded once again for both revenues and earnings.
Revenue improved by 9.2% to EUR 59.2 million. As a result of changes in inventories, growth in total operating revenue was slightly less, up 5.8% to EUR 58.1 million. The increase in revenues was primarily driven by environmentally friendly insulation materials and Laminated Veneer Lumber.
Earnings also enjoyed positive growth and were up substantially year on year. In this regard we must also consider the fact that poor weather conditions had a negative impact on construction activities, and that the first quarter cannot be used as an indicator for the year as a whole.
The company's management believes that this growth will continue dynamically in the coming quarters.

KPI Q1 2018 Q1 2017
Revenue 59.2 EURm 54.2 EURm
Total operating revenue (TOR) 58.1 EURm 54.9 EURm
EBITDA 9.5 EURm 8.5 EURm
EBITDA-Margin in % TOR 16.4% 15.5 %
EBIT 4.8 EURm 4.6 EURm
EBIT-Margin in % TOR 8.3% 8.4 %
Profit of the period 3.2 EURm 2.9 EURm
 

The company's management believes that this growth will continue dynamically in the coming quarters.

Outlook
If the economy does not deteriorate, the company's management is aiming for revenue growth in 2018 of around 15% compared to the previous year. In terms of EBIT, growth in the upper single-digit to low double-digit percentage range is forecast for 2018.

The complete financial reports can be downloaded at 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-fibre 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 (LVL). 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
Fon: +49-(0)89-99 15 51-548
Fax: +49-(0)89-99 15 51-704
E-Mail: a.schulze@steico.com
www.steico.com



26.04.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: STEICO SE
Otto-Lilienthal-Ring 30
85622 Feldkirchen
Germany
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 Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

679995  26.04.2018 

fncls.ssp?fn=show_t_gif&application_id=679995&application_name=news&site_id=zonebourse

© EQS 2018
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on STEICO SE
08/05STEICO SE : Notification and public disclosure of transactions by persons
EQ
07/15STEICO SE : Solid growth and stable margins at a high level
EQ
07/152019-07-15 - CORPORATE NEWS : Half Year Report 2019
PU
05/07STEICO : proposes Prof. Heinrich Köster, President of Rosenheim University, for ..
EQ
05/01STEICO SE : Sustainable growth with high profitability
EQ
05/01STEICO : CN EN 2019 05 01 Annual Report Q1.pdf
PU
02/04PRELIMINARY BUSINESS FIGURES : STEICO with new record-breaking revenues in 2018
EQ
01/04STEICO SE : Notification and public disclosure of transactions by persons
EQ
2018STEICO SE : Record-breaking revenues with disproportionate earnings growth
EQ
20182018-10-17 - CORPORATE NEWS : Q3 Report
PU
More news
Financials (EUR)
Sales 2019 287 M
EBIT 2019 29,3 M
Net income 2019 21,0 M
Debt 2019 63,2 M
Yield 2019 1,27%
P/E ratio 2019 15,7x
P/E ratio 2020 14,3x
EV / Sales2019 1,37x
EV / Sales2020 1,24x
Capitalization 330 M
Chart STEICO SE
Duration : Period :
Steico SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends STEICO SE
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Average target price 30,10  €
Last Close Price 23,60  €
Spread / Highest target 28,4%
Spread / Average Target 27,5%
Spread / Lowest Target 27,1%
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
Sector and Competitors
1st jan.Capitalization (M$)
STEICO SE19.39%366
LOUISIANA-PACIFIC CORPORATION2.21%2 707
UNIVERSAL FOREST PRODUCTS, INC.54.93%2 468
STELLA-JONES INC0.10%2 065
NORBORD INC-14.33%1 914
BMC STOCK HOLDINGS INC65.05%1 703