Steico SE

ST5

Equity

ISIN DE000A0LR936 / Valor 3198249

Xetra (2024-12-23)

EUR 17.60+2.92%

Steico SE
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About company

Steico SE operates as a prominent entity within the timber construction industry, focusing on the manufacturing sector. The company has established itself as a key player through strategic association memberships and partnerships, underscoring its commitment to the field. Steico SE specializes in producing a range of products and solutions tailored for timber construction, leveraging its expertise to meet the demands of this specific market. While the source does not detail the exact nature of these products, it is common for companies in this sector to offer items such as engineered wood, insulation materials, and related construction components. Steico's involvement in various associations and partnerships likely facilitates its access to the latest industry trends and technologies, enabling the company to maintain its competitive edge and contribute significantly to the timber construction industry.

Summarized from source with an LLMView SourceSector: Industrials

Revenue

In Q1 2024, Steico SE reported a total operating revenue of €95.9 million, which represents a slight decrease of 0.7% compared to the same period in the previous year. This minor decline indicates a relatively stable revenue performance amidst challenging market conditions.

EBITDA

Steico SE's EBITDA for Q1 2024 saw a significant increase, reaching €17.8 million. This marks a 38.5% growth compared to the previous year, reflecting the positive impact of falling procurement prices and the company's cost-cutting measures implemented in 2023.

EBIT

The EBIT for Steico SE in Q1 2024 was €10.8 million, showing an impressive growth of 85.1% from the previous year. This substantial increase highlights the company's improved operational efficiency and profitability during the quarter.

Profit for the Period

Steico SE's profit for Q1 2024 was €5.9 million, which is a remarkable 184.5% increase compared to the same period in the previous year. This significant rise in profit underscores the company's successful financial performance and strategic initiatives.

Outlook

Looking ahead, Steico SE's management remains cautiously optimistic about the rest of 2024. They expect the market situation to stabilize further and project that sales will remain at the previous year's level of around €365 million, with an EBIT ratio between 9% and 11% of total operating revenues.

Summarized from source with an LLMView Source

Key figures

-47.9%1Y

-84.0%3Y

-37.1%5Y

Performance

46.8%1Y

53.0%3Y

52.4%5Y

Volatility