One of the big themes for 2024 is the turnaround in interest rates and thus a significant recovery in construction activity. Steico would be a top favorite!

Construction demand has collapsed. Demand will rise again with the turnaround in interest rates in 2024. Steico would be a top profiteer after the sharp price correction! Steico is profitable despite the market slump. The valuation has fallen to an acceptable level with a P/E ratio of 1.1. A first ray of hope can be seen on the chart today! In October, building interest rates still managed to push themselves above the 4% threshold. For a 15-year fixed interest rate, 4.20 % must be paid. Together with the rise in construction costs, demand...