06.02.2017
STEICO SE DE000A0LR936
DGAP-News: Preliminary business figures: STEICO closes 2016 with record-breaking revenues and earnings
DGAP-News: STEICO SE / Key word(s): Preliminary Results
Preliminary business figures: STEICO closes 2016 with record-breaking
revenues and earnings
06.02.2017 / 20:35
The issuer is solely responsible for the content of this announcement.
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Preliminary business figures: STEICO closes 2016 with record-breaking
revenues and earnings
* Annual revenues pass EUR 200 million for the first time
Feldkirchen (Munich), 6 February 2017 - The STEICO Group (ISIN
DE000A0LR9369) has published its preliminary figures for 2016 and has
closed the fiscal year with a renewed increase in revenues and earnings. In
so doing, the group has recorded the most successful fourth quarter in the
company's history.
Year-on-year comparison - 2016/2015
KPI 2016e 2015 Change Revenues in EUR millions approx. 208.9 188.9 +10.6% EBITDA in EUR millions approx. 33.2 24.7 +34.4% EBIT in EUR millions approx. 18.2 12.2 +49.2%Quarterly comparison - Q4 2016/Q4 2015 KPI Q4 2016e Q4 2015 Change Revenues in EUR approx. 51.8 46.3 +11.9% millions EBITDA in EUR millions approx. 7.1 6.0 +18.3% EBIT in EUR millions approx. 3.5 2.8 +25.0%Influencing factors in 2016 In 2016 STEICO benefited in particular from taking its own production line for laminated veneer lumber into operation at the start of the year. This in-house production has substantially reduced the amount of laminated veneer lumber bought in and has increased vertical integration. As a result, the margins in this segment have improved substantially. As capacity for the new production line was not yet fully used in 2016 due to the go-live phase the board of management believes that there will be further positive effects during the course of 2017. At present, construction work to double production capacity for laminated veneer lumber to 160,000 cbm/a is in progress. The group plans to take a second production line into operation in the middle of 2018. The board of management believes that this will bring further increases in revenues and earnings. Very pleasing growth was also recorded for wood-fibre insulation materials in 2016 despite the continuing price pressure. Substantial increases in the quantities produced resulted in economies of scale and associated increases in efficiency in production. Special products and export products played an increased role in our positive growth. Outlook Management believes that the company's growth will also continue in 2017. In addition to the effects detailed above in laminated veneer lumber production, the company's management is also forecasting positive growth in the insulation materials segment due to factors including new products for facade insulation and air injected insulation. The corporate newsletter 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 for wood fiber insulation materials. 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 51-48 Fax: +49-(0)89-99 15 51-98 E-mail: [email protected] www.steico.com --------------------------------------------------------------------------- 06.02.2017 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 - 99 E-mail: [email protected] Internet: http://www.steico.com ISIN: DE000A0LR936 WKN: A0LR93 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt End of News DGAP News Service --------------------------------------------------------------------------- 542217 06.02.2017
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