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MarketScreener Homepage  >  Equities  >  Xetra  >  Steico SE    ST5   DE000A0LR936

STEICO SE

(ST5)
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STEICO : proposes Prof. Heinrich Köster, President of Rosenheim University, for election to the Administrative Board.

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05/07/2019 | 02:45pm EDT

DGAP-News: STEICO SE / Key word(s): Personnel
STEICO SE proposes Prof. Heinrich Köster, President of Rosenheim University, for election to the Administrative Board.

07.05.2019 / 20:40
The issuer is solely responsible for the content of this announcement.


STEICO SE proposes Prof. Heinrich Köster, President of Rosenheim University, for election to the Administrative Board.


Feldkirchen (Munich), 7 May 2019 - (ISIN DE000A0LR936) - There will be regular new elections to the Administrative Board at STEICO SE's Ordinary General Meeting on 27 June 2019.

The previous Deputy Chairman of the Administrative Board, Mr. Uto Baader, will not stand for re-election for reasons of age. Mr. Baader, founder and CEO of Baader Bank AG for many years, has been a member of STEICO's Administrative Board since 2007, the year the company went public. His expertise as a banker and financial market expert allowed him to make significant contributions to the company's success. The Management Committee and the Administrative Board of STEICO SE express their special thanks to Mr. Baader and wish him all the best for the future.

The Administrative Board proposes Professor Heinrich Köster to the Annual General Meeting as a new member of the Administrative Board. Prof. Köster is President of the Technical University of Rosenheim, which, with its Faculty of Wood Technology and Construction, is one of the world's leading research and training institutes in the field of timber construction.

Prof. Köster holds the Order of Merit of the Federal Republic of Germany (Bundesverdienstkreuz) and has an international reputation for his scientific achievements in the wood industry and for his social commitment. By being elected to the Administrative Board, the company expects him to make a lasting contribution to the future positioning and growth of the STEICO Group.

The other members of the current STEICO Administrative Board will stand for re-election at the Annual General Meeting:

- Udo Detlev Schramek, STEICO SE's CEO.
In the event of his re-election, Mr. Schramek will again be available for the office of Chairman of the Administrative Board.

- Katarzyna Schramek, jurist

- Dr. Jürgen Klass, attorney


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 ecological insulation material and construction components supplement each other. These include elements for the supporting structure including laminated veneer lumber and I-joists, 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



07.05.2019 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
EQS News ID: 808349

 
End of News DGAP News Service

808349  07.05.2019 

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© EQS 2019
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Sales 2019 287 M
EBIT 2019 29,3 M
Net income 2019 21,0 M
Debt 2019 63,2 M
Yield 2019 1,26%
P/E ratio 2019 15,9x
P/E ratio 2020 14,5x
EV / Sales2019 1,37x
EV / Sales2020 1,25x
Capitalization 331 M
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Mean consensus BUY
Number of Analysts 3
Average target price 30,10  €
Last Close Price 23,90  €
Spread / Highest target 26,8%
Spread / Average Target 25,9%
Spread / Lowest Target 25,5%
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NameTitle
Udo Detlev Schramek Chairman-Supervisory Board, CEO & MD-Auditing
David Meyer MD-Finance, Accounting & Controlling
Holger Jödecke MD-Legal, Personnel & Information Technology
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Jürgen Klass Member-Supervisory Board
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