STEICO SE released its Half-Year Report 2026 today, revealing that demand for its products rose significantly in the second quarter with the start of the construction season. The STEICO Group's turnover reached EUR 200.3 million, up 0.6% year-on-year (previous year: EUR 199.1 million), offsetting a weaker first quarter. However, the company faced massive cost increases in the second quarter due to the US–Iran conflict and related supply chain disruptions, with no signs of sustained easing and costs continuing to rise in many areas.
Price increases implemented to offset these costs are taking effect with a time lag, impacting margins for the first half. EBITDA after six months stood at EUR 29.0 million, a decline of 22.1% compared with the same period last year (PY: EUR 37.2 million). EBIT fell to EUR 14.7 million, down 30.8% from the previous year (PY: EUR 21.2 million), resulting in an EBIT margin of 7.5% as a proportion of total operating revenue.
The Executive Board expects further growth in the second half and continued improvement in profit margins. Management confirmed the full-year 2026 forecast: provided the economic outlook does not deteriorate further, revenue is expected to grow by between -2% and +4% compared with the previous year, corresponding to revenue of around EUR 375 million to EUR 398 million. EBIT is anticipated to be between EUR 30 million and EUR 38 million, yielding an EBIT margin of 8.0% to 9.5%.
The complete financial report can be downloaded at https://www.steico.com/en/investor-relations/.
STEICO Group develops, produces, and sells building products made from bio-based raw materials and is the global market leader in wood fibre insulation materials. As a system provider, it offers an integrated timber construction system where innovative timber structures and bio-based insulation materials complement each other. The product range includes flexible wood fibre insulation bats, stable boards, air-injected insulation, laminated veneer lumber, I-joists, sealing products, and plaster components. The company's products are suitable for both new builds and renovation of roofs, walls, ceilings, floors, and façades, contributing to future-proof, energy-efficient buildings with high living quality and improved protection against cold, heat, and noise.
