STEICO SE (ISIN DE000A0LR936) released its Half-Year Report 2026 on July 20, revealing a mixed performance as the company navigated geopolitical tensions and supply chain disruptions. Revenue for the first half of 2026 reached EUR 200.3 million, a modest 0.6% increase from EUR 199.1 million in the same period last year, driven by a strong second quarter as the construction season boosted demand. However, the company faced substantial cost increases stemming from the US–Iran conflict and related supply chain issues, which eroded profitability.
EBITDA for the six-month period fell 22.1% to EUR 29.0 million, compared to EUR 37.2 million a year earlier. EBIT declined by 30.8% to EUR 14.7 million, with the EBIT margin dropping to 7.5% from 10.6% in the prior-year period. The cost pressures have not yet abated, and price increases implemented to offset these costs are taking effect with a time lag, impacting margins in the first half.
Despite these challenges, the Executive Board remains optimistic about the second half of 2026, expecting further growth and improving profit margins. The company reaffirmed its full-year guidance, projecting revenue growth between -2% and +4%, translating to EUR 375 million to EUR 398 million, provided the economic outlook does not worsen. EBIT is anticipated to be between EUR 30 million and EUR 38 million, corresponding to an EBIT margin of 8.0% to 9.5%.
STEICO, a global leader in wood fibre insulation materials, continues to focus on its integrated timber construction system. The company’s products, including flexible insulation bats, laminated veneer lumber, and sealing products, are used in both new builds and renovations, contributing to energy-efficient buildings. For more details, the complete financial report is available at https://www.steico.com/en/investor-relations/. Additional information about the company can be found at https://www.steico.com.
