Germany's STEICO 9M EBIT falls as energy and raw material costs weigh
Germany's STEICO 9M EBIT falls as energy and raw material costs weigh
Overview
Germany wood fibre insulation maker's 9M revenue rose 3.1% yr/yr
9M EBIT fell 16.8% yr/yr due to high energy and raw material costs
Outlook
STEICO expects 2026 revenue growth of 0% to 4%, or €382.9 mln to €398.2 mln
Company sees 2026 EBIT between €30.6 mln and €35.0 mln, margin 8.0% to 8.8%
Company notes overcapacity and price pressure in wood fibre insulation materials market
Result Drivers
HIGH COSTS - Persistently high energy and raw material costs weighed on 9M results
CATCH-UP EFFECT - Q2 sales benefited from catch-up after weather-related slump in Q1
Company press release: ID:nEQ3shF3na
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
9M EBIT |
| EUR 24.9 mln |
|
9M EBIT Margin |
| 8.3% |
|
Reuters Recommended Reads
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Oct 13 - Germany to fund new emergency gas reserve via consumer levy, draft says
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(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.)