STEICO SE : Solid Q3 18 figures – growth path intact – further expansion of product portfolio ahead
>Solid Q3 2018 figures confirm full-year 2018 guidance - Steico increased its 9M 2018 sales by 8.3% yoy to € 187.7m (9M 17: € 173,3m), fully in line with our estimate of € 185.5m. The revenue increase was primarily driven by environmentally friendly insulation materials and laminated veneer lumber (LVL). EBITDA was up 18.5% to € 33.3m, in line with our estimate of € 33.3m. The EBITDA margin expanded to 17.7% (9M 2017: 16.2%) on increased economies of scale. EBIT impro...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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