STEICO SE: Q1 2024 - Stable business situation with positive earnings
performance

EQS-News: STEICO SE / Key word(s): Quarterly / Interim Statement
STEICO SE: Q1 2024 - Stable business situation with positive earnings
performance

19.04.2024 / 21:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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STEICO SE: Q1 2024 - Stable business situation with positive earnings
performance

Feldkirchen near Munich, 19 April 2024. Today the STEICO group (ISIN
DE000A0LR936) released its interim report for the first quarter 2024.

Business Development Q1 2024

     KPI                              Q1 2024    Q1 2023
     Revenue                          95.9 EURm    96.5 EURm
     Total operating revenue (TOR)    93.2 EURm    97.9 EURm
     EBITDA                           17.8 EURm    12.8 EURm
     EBITDA margin in % TOR            19.1 %     13.1 %
     EBIT                             10.8 EURm     5.9 EURm
     EBIT margin in % TOR              11.6 %      6.0 %
     Profit of the period              2.1 EURm     5.9 EURm

The stabilisation trend continued in the first quarter of 2024. Falling
inflation, stable interest rates and a constant competitive situation are
also stabilising demand for STEICO products. With revenue of EUR 95.9 million,
revenue in the first quarter was only 0.7% down on the previous year.

At the same time, earnings benefited from falling procurement prices and the
effects of the cost-cutting programme launched in 2023. At EUR 17.8 million,
EBITDA for the first quarter was 38.5% higher than in the previous year
while EBIT grew by 85.1% to EUR 10.8 million. The EBITDA margin is 19.1% and
the EBIT margin is 11.6% (both in relation to total operating revenues,
accounting in accordance with German GAAP).

The company management is cautious about the rest of the year, but expects
the market situation to stabilise further.

Provided there are no negative effects from further economic and competitive
developments, the company management expects sales in 2024 to remain at the
previous year's level of around EUR 365 million and an EBIT ratio of between
9% and 11% (in relation to total operating revenues).

The complete financial reports can be downloaded at
https://www.steico.com/en/investor-relations/investors-information


Company profile

STEICO develops, produces and markets natural construction products made of
renewable raw materials. STEICO is the global market leader for wood fibre
insulation materials.

STEICO is positioned as a system provider and is the only manufacturer in
the industry to offer an integrated wooden construction system in which
innovative wooden construction components and bio-based insulation material
supplement each other.

Laminated veneer lumber and I-joists form the structural components of the
system. The insulation materials include flexible and stable wood fibre
insulation panels, facade insulation materials, as well as cavity insulation
made of wood fibres and cellulose. Sealing products for the building shell
complete the overall system.

The STEICO Group offers its customers a unique range of products through to
the prefabrication of complete components for timber element construction.

The Munich-based company's products are used in new construction and when
renovating roofs, walls, ceilings, floors and façades. STEICO's products
allow the construction of future-proof buildings with a particularly high
quality of living and a healthy atmosphere. STEICO's products offer reliable
protection against cold, heat and also noise, and they permanently improve
the building's energy efficiency.

Contact
Andreas Schulze
STEICO SE
Otto-Lilienthal-Ring 30
85622 Feldkirchen
Fon: +49-(0)89-99 15 51-548
Fax: +49-(0)89-99 15 51-704
E-Mail: a.schulze@steico.com
www.steico.com


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19.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        STEICO SE
                   Otto-Lilienthal-Ring 30
                   85622 Feldkirchen
                   Germany
   Phone:          +49 - (0)89 - 99 15 51 - 0
   Fax:            +49 - (0)89 - 99 15 51 - 700
   E-mail:         info@steico.com
   Internet:       http://www.steico.com
   ISIN:           DE000A0LR936
   WKN:            A0LR93
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Basic Board), Hamburg, Munich (m:access),
                   Stuttgart, Tradegate Exchange
   EQS News ID:    1885097

End of News EQS News Service
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1885097 19.04.2024 CET/CEST