The Steico Group's 9-month of 2021 revenues were up 27% year-on-year at Euro 288.6 million. EBIT in the first nine months rose by 104.9 % to Euro 50.1 million, while net income for the first nine months lifted by 109.6% to Euro 35.2 million.
During the 3Q 2021 Steico Group recorded a new record-breaking EBIT margin of 18.2 % and the 9-month EBIT margin also reached a new record at 17.3 %.
Provided there are no negative effects from the pandemic development or adverse weather conditions in the 4Q, the Executive Board expects for 2021 as a whole sales growth above 20 % and an EBIT ratio between 14% and 17% (in terms of total operating revenue).
The Steico Group develops, produces and markets ecological construction products made of renewable raw materials. Steico is the European market leader in the wood-fibre insulation materials segment.
