STEICO SE (ISIN DE000A0LR936) released its Half-Year Report 2026 today, revealing a mixed performance as the company navigated catch-up effects in the second quarter alongside significant cost pressures. With the start of the construction season, demand for STEICO products rose sharply, pushing group turnover to EUR 200.3 million, up 0.6% year-on-year from EUR 199.1 million. This growth offset a weaker first quarter, but the company faced massive cost increases due to the US–Iran conflict and related supply chain disruptions.
These cost pressures have heavily impacted margins. EBITDA for the first half fell 22.1% to EUR 29.0 million from EUR 37.2 million in the prior year. EBIT dropped 30.8% to EUR 14.7 million, compared with EUR 21.2 million a year ago, resulting in an EBIT margin of 7.5%. Although price increases have been implemented to offset rising costs, they are taking effect with a time lag, and the company sees no signs of sustained easing in the cost environment.
Looking ahead, the Executive Board expects further growth in the second half of 2026 and continued improvement in profit margins. The management has confirmed its full-year forecast, anticipating revenue growth between -2% and +4% compared with the previous year, corresponding to revenue of approximately EUR 375 million to EUR 398 million. EBIT is projected to be between EUR 30 million and EUR 38 million, implying an EBIT margin of 8.0% to 9.5%.
The complete financial report is available for download at STEICO Investor Relations. As a global market leader in wood fibre insulation materials, STEICO continues to position itself as a system provider offering an integrated timber construction system. The company's products contribute to energy-efficient buildings with high living quality, helping to improve protection against cold, heat, and noise.
