Steico: Natural Building Materials are Trending and Have led to an Upward Forecast Revision for Growth of 3-6%. The Housing Construction Turbo Beneficiary is Taking off!
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When companies continue to grow and achieve acceptable margins even during a crisis, it speaks to a strong product portfolio and market position. This is the case with STEICO (i). The company is a provider of ecological insulation and wooden construction products for new builds as well as renovations. Despite a significant construction crisis, just a few days ago they raised their revenue outlook to a growth rate of 3-6%. Revenues are expected to be €388-399 million. The EBIT is expected to reach between 29 and 35 million euros, which corresponds...
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