EQS-News: STEICO SE: Preliminary figures confirmed by final financial statements 2023
Source: EQS
Feldkirchen near Business Development 2023
2023 was a challenging year for the Total revenues fell by 17.9% to € 365.3 million. EBITDA was down by 34.9% year-on-year to € 57.7 million and EBIT fell by 53.4% to € 30.4 million. The profit for the period was down by 64.7% to € 16.9 million year-on-year. Earnings per share amounted to 1.20 € (previous year: 3.40 €). Appropriation of retained earnings In the opinion of the Administrative Board, the persistently difficult economic situation in the construction sector continues to necessitate measures, in particular to secure liquidity, in order to adequately counter the ongoing challenging environment in the construction industry. The Administrative Board therefore proposes to suspend the dividend payment for the 2023 financial year and to use the liquidity remaining in the company to further strengthen the capital base and to finance past and future investments. Forecast The company’s management is taking a cautious view of the further course of the year, however it believes that the market will continue to stabilise. If the continued economic and competitive developments do not result in any negative effects, the management is forecasting revenue at the previous year’s level of around € 365 million and an EBIT ratio of between 9% and 11% (to total operating revenue). The complete financial reports can be downloaded at https://www.steico.com/en/investor-relations/
Company Profile 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 wall insulation made of wood fibres and cellulose. Sealing products for the building shell complete the overall system. The
Contact
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Language: | English |
Company: | |
Otto-Lilienthal-Ring 30 | |
85622 Feldkirchen | |
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 |
EQS News ID: | 1894591 |
End of News |
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1894591 02.05.2024 CET/CEST