Eco-building products maker STEICO's Q1 revenue falls on construction activity delay

Steico SE

14/04/2026 20:31

Overview

Germany wood fibre insulation maker's Q1 revenue fell 6.9% yr/yr on delayed construction activity

Q1 EBITDA declined due to higher energy and transport costs, lower hedging income

Company expects full-yr 2026 revenue to range from -2% to +4% yr/yr

Outlook

STEICO expects 2026 revenue between €375 mln and €398 mln

Company forecasts 2026 EBIT of €30 mln to €38 mln

Result Drivers

DELAYED CONSTRUCTION - Harsh winter weather in Europe delayed construction activity, reducing demand for STEICO products

COST INCREASES - Higher energy consumption from low temperatures and rising transport costs due to Middle East disruptions weighed on results

LOWER HEDGING AND CO2 INCOME - Reduced income from currency hedging and sale of CO2 emission allowances

Company press release: ID:nEQ1dY7xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 94.80 mln
Q1 EBITDA
EUR 13.20 mln
Q1 EBIT Margin
6.70%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the forest & wood products peer group is "buy"

Wall Street's median 12-month price target for Steico SE is €28.00, about 25.6% above its April 14 closing price of €22.30

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)