STEICO SE announced earnings results for the second quarter and first half of 2017. The company reported revenues of EUR 60.5 million were recorded in the second quarter compared to EUR 54.3 million a year ago, this corresponds to an increase of 11.4%. Total operating revenues amounted to EUR 58.3 million compared to EUR 56.6 million a year ago. EBITDA improved by 6.5% to EUR 9.9 million compared to EUR 9.3 million a year ago. EBIT lifted by 7.1% to EUR 5.6 million, compared to EUR 6.0 million a year ago.

For the six months period, the company reported, revenues were EUR 114.6 million compared to EUR 101.2 million a year ago. Total operating revenue was EUR 113.2 million compared to EUR 105.8 million a year ago. EBITDA was EUR 18.4 million compared to EUR 17.4 million a year ago. EBIT was EUR 10.6 million compared to EUR 9.7 million a year ago. Net income for the period was EUR 6.4 million compared to EUR 6.0 million a year ago.

For the year, the company management is forecasting revenues and EBIT to grow in the low double digit percentage range.