DGAP-News: STEICO SE

STEICO SE: Stable growth and sustainable profitability

* Interim report on Q3 2017 proves growth trend

Feldkirchen (Munich), 16 October 2017 - The STEICO Group (ISIN DE000A0LR936) published its interim report on Q3 2017 today.

9-month growth

The positive growth in the first six months was continued in the third quarter. Revenues in the first nine months were up 10.3% year-on-year, from EUR 157.1 million to EUR 173.3 million. In addition, earnings continued to grow. EBITDA in the first nine months was up 8.1% year-on-year, from EUR 26.0 million to EUR 28.1 million. EBIT grew by 12.3% to EUR 16.4 million (previous year: EUR 14.6 million). Net income for the period grew by 14.1% to EUR 10.5 million (previous year: EUR 9.2 million).

As a result of the successful capital increase from authorised capital gross funds from the issue of around EUR 25 million accrued to the STEICO Group in the third quarter of 2017 to finance its future growth. As a result the STEICO Group's equity ratio now totals 48.3% (43.4% on 30 June 2017).

Operating business was also very successful in the third quarter. After adjustment for the costs of the capital increase, it was the most profitable quarter in STEICO's history. The EBITDA margin increased to 17.3% (Q3 2016: 16.7%) and the EBIT margin increased to 10.7% (Q3 2016: 9.5%).

Outlook
The company's management believes that growth will continue in the fourth quarter if premature winter conditions do not hinder construction work. The company's management is forecasting growth over the year as a whole for revenues and also EBIT in the low double-digit percentage range.

Particularly positive impetus for 2018 is expected from the planned go-live of the new production lines for laminated veneer lumber and stable wood-fibre insulation materials made using the dry method.

The complete report can be downloaded from www.steico.com/ir

Company profile
STEICO develops, produces and markets ecological construction products made of renewable raw materials. STEICO is the European market leader for wood fiber insulation materials.

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 and stable wood fiber insulation panels, composite thermal insulation systems, insulation panels with a reinforcing effect, as well as cavity wall insulation made of wood fibers and cellulose.

The construction elements comprise I-joists and laminated veneer lumber. In addition, the STEICO group also produces fiberboard (natural fibre 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 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
Phone: +49-(0)89-99 15 51-548
Fax: +49-(0)89-99 15 51-704
E-mail: a.schulze@steico.com
www.steico.com