Steico stands firm in the construction crisis and grows. Has the comeback for the housing construction beneficiary begun?
Steico is a favorite for the construction comeback, as it is already growing by 2 to 6% during the crisis with an 8% EBIT margin.
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If a company still grows by 3-6% during a crisis and aims for a sustainable EBIT margin of 8% by 2025, it has a strong market position and outstanding products. This seems to be the case for Steico (i) with its natural insulation materials and timber construction products. A revival in demand is starting, and despite overcapacities and intense competition, management remains optimistic. Against this backdrop, Steico is set to be a major beneficiary of the comeback in the construction industry. Steico is growing despite the construction crisis,...
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