STEICO SE : H1 2018 figures present a mixed picture – company lowers its full-year 2018 sales guidance
>Weaker sales growth, improved EBIT margins in H1 18 - Steico’s H1 2018 sales were up 7.2% yoy to € 122.8m (H1 2017: € 114.6m) driven by i/ high demand for environmentally friendly insulation materials, and ii/ increasing demand for laminated veneer lumber (LVL). However, this sales growth was below the company’s and our expectations (€ 128m) due to unfavourable weather conditions in Q1 18, which curtailed construction activity, esp. in the UK. In addition, the weaker...Steico SE is a Germany-based company engaged in the construction industry. The Company develops, produces and distributes ecological building products made from renewable raw materials. Its product portfolio consists of insulation solutions for roof, dry walls, ceiling and floor constructions, including STEICOflex, a flexible cavity insulation; STEICOformwork, robust formwork beams for economic formwork solutions; STEICOtherm, a solid heat insulation for roofs, walls and topping elements; STEICOuniversal, a sheathing board for all constructions; STEICOfloor, a floor insulation system protecting from heat and impact sound; STEICOglulam, structural engineered elements; STEICOprotect, removing the need for a ventilated cavity allowing for thinner wall constructions, and STEICOunderfloor, an impact sound insulation, among others. As of December 31, 2011, it operated through seven subsidiaries located in Poland, the United Kingdom and France.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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