26.04.2018 STEICO SE  DE000A0LR936

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


 
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 % 53.9% 47.6 % (as of 31.12.) 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: [email protected] 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: [email protected] 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


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 188,90 208,94 230,31 251,96 281,00 308,77 371,00
EBITDA1,2 24,67 33,24 37,91 44,41 56,71 57,02 88,50
EBITDA-Marge3 13,06 15,91 16,46 17,63 20,18 18,47 23,85
EBIT1,4 12,19 18,31 22,02 24,56 32,49 33,58 61,00
EBIT-Marge5 6,45 8,76 9,56 9,75 11,56 10,88 16,44
Jahresüberschuss1 8,07 11,56 15,27 16,16 22,79 25,43 42,00
Netto-Marge6 4,27 5,53 6,63 6,41 8,11 8,24 11,32
Cashflow1,7 20,43 32,92 25,49 40,52 43,36 42,91 55,00
Ergebnis je Aktie8 0,63 0,90 1,08 1,15 1,62 1,81 2,95
Dividende8 0,15 0,18 0,21 0,25 0,25 0,30 0,40
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

INVESTOR-INFORMATIONEN
©boersengefluester.de
Steico
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0LR93 112,800 Halten 1.588,61
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
34,18 20,28 1,64 104,93
KBV KCV KUV EV/EBITDA
8,44 37,03 5,14 29,56
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,25 0,30 0,27 24.06.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
27.04.2021 19.07.2021 14.10.2020 27.04.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
10,85% 50,28% 89,90% 184,85%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu STEICO SE  ISIN: DE000A0LR936 können Sie bei DGAP abrufen

Bauzulieferer , A0LR93 , ST5 , XETR:ST5