DGAP-News: Preliminary business figures: STEICO SE records new record-breaking sales in 2019
DGAP-News: STEICO SE
/ Key word(s): Preliminary Results
Preliminary business figures: STEICO records new record-breaking sales in 2019 * Above-average earnings growth * Positive outlook for 2020 Year-on-year comparison - 2019/2018
Quarterly comparison - Q4 2019/Q4 2018
2020 outlook Management is very positive about 2020. Despite the gloomier economic climate, the construction industry and in particular the timber construction sector on core markets is showing strong momentum with sustained high order books. The STEICO Group's capacity reserves mean that the Group is excellently positioned to continue its growth. The Board of Directors therefore believes that in 2020 revenues will lift by more than 10% with an EBIT ratio of around 10% (in terms of total operating revenue). The corporate news can be downloaded from www.steico.com/de/ir. STEICO is positioned as a system provider for ecological residential construction and is the only manufacturer in the industry to offer an integrated wooden construction system in which insulation material and construction components supplement each other. These include flexible wood fiber insulation materials, stable wood fiber insulation boards, wood fiber insulation boards for facade insulation (ETICS) and also bracing insulation boards. The construction elements comprise I-joists and laminated veneer lumber. In addition, the STEICO group also produces natural fiber boards and operates in the wood trade. The Munich-based company's products are used in new construction and when renovating roofs, walls, ceilings, floors and facades. STEICO's products allow the construction of future-proof, healthy buildings with a particularly high quality of living. STEICO's products offer reliable protection against cold, heat and also noise, and they permanently improve the building's energy efficiency. Contact
03.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | [email protected] |
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: | 966965 |
End of News | DGAP News Service |
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966965 03.02.2020
Steico SE Stock
Currently there is a rather positive sentiment for Steico SE with 5 Buy predictions and 1 Sell predictions.
As a result the target price of 32 € shows a positive potential of 37.34% compared to the current price of 23.3 € for Steico SE.