Brief: Steico Says Revenues In First Nine Months Were Up 8.3 Pct To 187.7 Mln Euros

Steico SE

17/10/2018 19:43

Oct 17 (Reuters) - Steico SE  ST5G.DE :
    * DGAP-NEWS: STEICO SE: RECORD-BREAKING REVENUES WITH
DISPROPORTIONATE EARNINGS GROWTH
    * SAYS REVENUES IN FIRST NINE MONTHS WERE UP 8.3%
YEAR-ON-YEAR,
FROM EUR 173.3 MILLION TO EUR 187.7 MILLION
    * SAYS EBITDA IN FIRST NINE MONTHS WAS UP 18.5%
YEAR-ON-YEAR, FROM
EUR 28.1 MILLION TO EUR 33.3 MILLION
    * CO'S MANAGEMENT HAS CONFIRMED ITS FORECAST OF REVENUE
GROWTH IN
UPPER SINGLE-DIGIT PERCENTAGE RANGE FOR YEAR AS A WHOLE
    * BOARD OF DIRECTORS IS ALSO FORECASTING CONTINUED REVENUE
AND
EARNINGS GROWTH FOR COMING YEAR
    * SAYS PARTICULARLY POSITIVE IMPETUS FOR 2019 IS EXPECTED
FROM NEW
LINES FOR WOOD-FIBER INSULATION MATERIALS
    * SAYS QUANTITY OF LAMINATED VENEER LUMBER PRODUCED IN 2019
IS
EXPECTED TO INCREASE AGAIN SIGNIFICANTLY.
    * NET INCOME FOR FIRST NINE MONTHS GREW BY 28.6% TO EUR 13.5
MILLION (PREVIOUS YEAR: EUR 10.5 MILLION).

Source text for Eikon:  ID:nEQ27tQ7Ya 
Further company coverage:  ST5G.DE 

 ((Reuters.Briefs@thomsonreuters.com;))