Germany's STEICO H1 EBIT falls 31% as costs rise, confirms FY outlook
Germany's STEICO H1 EBIT falls 31% as costs rise, confirms FY outlook
Overview
Germany bio-based building products maker's H1 revenue rose 0.6% yr/yr, offsetting a weak Q1
H1 EBIT fell 30.8% yr/yr as cost increases weighed on margins
Company expects growth and margin improvement in H2, confirms full-year outlook
Outlook
STEICO confirms full-year 2026 revenue forecast of €375 mln to €398 mln
Company expects 2026 EBIT between €30 mln and €38 mln, margin of 8.0% to 9.5%
STEICO sees further growth and margin improvement in H2 2026 despite ongoing cost pressures
Result Drivers
COST PRESSURES - Co said massive cost increases in Q2, driven by supply chain disruptions from the US–Iran conflict, weighed on margins
DELAYED PRICE INCREASES - Co said price increases to offset higher costs are taking effect with a time lag, strongly impacting H1 margins
CATCH-UP IN DEMAND - Co said demand for its products rose significantly in Q2 as the construction season began, offsetting a weak Q1
Company press release: ID:nEQbW5qQla
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| EUR 200.30 mln |
|
H1 EBIT |
| EUR 14.70 mln |
|
H1 EBITDA |
| EUR 29 mln |
|
H1 EBIT Margin |
| 7.50% |
|
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 €25.00, about 32.3% above its July 20 closing price of €18.90
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago
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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.)