Steico Group reports record figures for 2018

February 12, 2019
Source:
Steico/Fordaq
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The Steico Group has published its preliminary figures for 2018 and has recorded new record figures for revenues of around EUR 252 million (previous year: EUR 230.3 million). EBITDA was up by an above-average 15.8% from EUR 37.9 million in the previous year to EUR 43.9 million. In terms of both revenues and earnings this was the most successful year in the company's history, as Steico reported in a press release.

The management of the company is very positive about 2019. Both Germany and the other core markets of the company are characterized by stable construction activity at a high level and a dynamic timber construction sector. On the other hand there is still uncertainty concerning the further development of the "Brexit", which is being closely monitored by Steico's management.

This year, Steico will bring new capacities for wood fiber insulating materials and capacity reserves for laminated veneer lumber, thus for 2019 the management of the company is thus anticipating sales growth of more than 10% and earnings ratios at high level similar to the past financial year.