16.07.2020 STEICO SE  DE000A0LR936

DGAP-News: STEICO SE: STEICO SE: Sales growth and solid earnings in H1 2020 despite corona restrictions


 

DGAP-News: STEICO SE / Key word(s): Half Year Results
STEICO SE: STEICO SE: Sales growth and solid earnings in H1 2020 despite corona restrictions

16.07.2020 / 20:45
The issuer is solely responsible for the content of this announcement.


STEICO SE: Sales growth and solid earnings in H1 2020 despite corona restrictions


Feldkirchen near Munich, 16 July 2020 - Today the STEICO Group (ISIN DE000A0LR936) released its half-year report 2020.

Business Development H1 2020

KPI H1 2020 H1 2019
Revenues 144.2 € m 139.6 € m
Total operating revenue (TOR) 142.3 € m 140.5 € m
EBITDA 23.7 € m 26.0 € m
EBITDA-Margin in % TOR 16.6 % 18.5 %
EBIT 12.2 € m 13.7 € m
EBIT-Margin in % TOR 8.6 % 9.8 %
Consolidated net income 7.5 € m 9.2 € m
Equity ratio in %
(30.06.2020 to 31.12.2019)
50.0 % 53.7 %
 

Despite the restrictions on public life as a result of the corona pandemic, the STEICO Group is able to continue its growth. Revenue improved by 3.3% to € 144.2 million in the first six months of 2020. The positive development in core markets such as Germany and the Alpine region compensated for declining sales in markets such as the UK and Australia.

As a result of the impact of the pandemic, earnings are slightly below the previous year but are very solid. EBITDA totaled € 23.7 million, down 8.8%. The EBITDA margin is 16.6%. EBIT in the first six months totaled € 12.2 million and was thus down by 10.9% compared to the previous year. The EBIT margin amounted to 8.6%.

The STEICO Group is continuing to invest in expanding its production capacities in order to continue to meet growing demand in future. At the Czarnków site (Poland), another plant for stable wood fiber insulation materials from the wet process is being built, while at the Casteljaloux site (France), a plant for stable wood fiber insulation materials from the dry process is planned.

Q2 2020 - viewed in isolation

Revenues of € 69.7 million were recorded in the second quarter (previous year: € 68.6 million) This corresponds to an increase of 1.6%. Total operating revenues amounted to € 69.8 million (previous year: € 69.7 million)

Gross profits amounted to € 31.9 million (previous year: € 32.9 million).

EBITDA in the second quarter fell by 10.4% to € 11.6 million (previous year: € 12.9 million). EBIT fell by 12.5% to € 6.2 million (previous year: € 7.1 million). The EBITDA margin is 16.6% (previous year: 18.6%), the EBIT margin is 8.9% (previous year: 10.1%).

Outlook
The management continues to take a positive view of the second half of 2020. The European construction industry is still characterized by a high degree of stability - in addition, the second half of the year is likely to be characterized by positive growth impetus and catch-up effects as a result of the easing of corona restrictions currently being implemented in many countries.
For 2020, the Board of Directors continues to expect revenues to be between the previous year's level and plus 5% growth. Due to the current positive growth it is forecasting an EBIT ratio of between 8.5% and 9.5% (in terms of total operating revenue).

The complete financial report 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 global 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 innovative wooden construction components and ecological insulation material supplement each other.

Laminated veneer lumber and I-joists form the structural components of the system. The insulation materials include flexible and stable wood fiber insulation panels, facade insulation materials, as well as cavity wall insulation made of wood fibers and cellulose.

Sealing products for the building shell complete the overall system.

The STEICO Group offers its customers a unique range of products through to the prefabrication of complete components for timber element construction.

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



16.07.2020 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.

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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
EQS News ID: 1095789

 
End of News DGAP News Service

1095789  16.07.2020 

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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 115,000 Halten 1.619,60
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
34,85 20,36 1,73 106,98
KBV KCV KUV EV/EBITDA
8,60 37,75 5,25 30,11
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,25 0,30 0,26 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
11,74% 51,86% 93,60% 191,88%
    
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Bauzulieferer , A0LR93 , ST5 , XETR:ST5