Steico: Beginning Growth Trend? Building Permits Increase and Timber Construction Gains Market Share - Majority Shareholder Increases to 61.1%!

Steico (i) (WKN A0LR93) is known as a manufacturer of wood fiber insulation materials, blown insulation, I-beams, and specialty products such as wood fiber boards for new construction and renovations. Today, it reported a growth of 4.4% to €199.1 million for the first six months. EBIT amounted to €21.2 million and was adjusted for currency hedging above the previous year. The EBIT margin relative to total output is a very good 10.4% - despite the construction crisis. The latter is said to be dissolving according to Steico, as by April, the...