Germany's STEICO 9M EBIT falls as energy and raw material costs weigh

By Reuters News


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:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M EBIT

EUR 24.9 mln

9M EBIT Margin

8.3%


Reuters Recommended Reads

  • Oct 13 - German automotive supplier ElringKlinger lifts 2026 revenue outlook after prelim Q3 rise

  • Oct 13 - Germany's Schaeffler prelim 9M revenue dips amid declining project volumes in China

  • 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.)

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