Steico SE

Steico SE is a Germany-based company engaged in the construction industry. The Company develops, produces and distributes ecological building products made from renewable raw materials. Its product portfolio consists of insulation solutions for roof, dry walls, ceiling and floor constructions, including STEICOflex, a flexible cavity insulation; STEICOformwork, robust formwork beams for economic formwork solutions; STEICOtherm, a solid heat insulation for roofs, walls and topping elements; STEICOuniversal, a sheathing board for all constructions; STEICOfloor, a floor insulation system protecting from heat and impact sound; STEICOglulam, structural engineered elements; STEICOprotect, removing the need for a ventilated cavity allowing for thinner wall constructions, and STEICOunderfloor, an impact sound insulation, among others. As of December 31, 2011, it operated through seven subsidiaries located in Poland, the United Kingdom and France.
  • TickerA0LR93
  • ISINDE000A0LR936
  • SectorConstruction & Materials
  • CountryGermany

Analysts

Henning Steinbrink ...
  • Martin Decot
  • Thomas Effler

ODDO BHF GERMAN MORNING NEWS – DETAILED COMMENTS 07.20.2018

...

Thomas Effler

STEICO SE : H1 2018 figures present a mixed picture – company lowers its full-year 2018 sales guidance

>Weaker sales growth, improved EBIT margins in H1 18 - Steico’s H1 2018 sales were up 7.2% yoy to € 122.8m (H1 2017: € 114.6m) driven by i/ high demand for environmentally friendly insulation materials, and ii/ increasing demand for laminated veneer lumber (LVL). However, this sales growth was below the company’s and our expectations (€ 128m) due to unfavourable weather conditions in Q1 18, which curtailed construction activity, esp. in the UK. In addition, the weaker...

Cosmin Filker ...
  • Marcel Goldmann

GBC BEST OF M:ACCESS I.2018

Sehr geehrte Investoren,   nachdem im Rahmen der Delisting-Welle in 2016 insgesamt 12 Unternehmen den m:access verlassen hatten, sind die Delistings-Bestrebungen der Unternehmen glücklicherweise zuletzt vollständig zum Erliegen gekommen. In der Betrachtungsperiode unserer Studie (01.01.2017 – 31.05.2018) sind mit Eurographics AG und der Phönix Solar AG insolvenzbedingt lediglich zwei Unternehmen aus dem Münchner Börsensegment ausgeschieden. Dem steht aber der Neuzugang von insgesamt 9 Unternehmen gegenüber, so dass der m:access mit mittlerweile 53 Unternehmen sogar mehr Emittenten umfasst al...

Henning Steinbrink ...
  • Roland Pfaender,MBA,CFA,CCRA

Software AG : H1 2018 update of our ODDO BHF small/mid-cap Germany Conviction List

>Updating our Conviction List on German small-and mid-caps - We are updating our Conviction List for German small-and mid-cap companies selected from the ODDO BHF coverage universe. We believe companies on this list, selected on the basis of bottom-up, valuation and momentum considerations, have the potential to outperform their respective indices over an investment horizon of up to 12 months. We will continue to actively review our Conviction List, adding or remov...

Expert Corporate Governance Service (ECGS)

Proxy Report 21/06/2018

General: Steico develops, produces and markets ecological construction products made of renewable raw materials. The Company is the European market leader for wood-fibre insulation materials. Steico SE is listed on the Basic Board segment of the Frankfurt Stock Exchange and the m:access segment of the Munich Stock Exchange, which are not organised markets within the meaning of the German Securities Trading Act. Therefore, the Company is not a capital market-oriented company within the meaning of this legal requirement and subject to reduced statutory obligations as well as less strict admissi...

Henning Steinbrink ...
  • Martin Decot
  • Thomas Effler

ODDO BHF GERMAN MORNING NEWS – DETAILED COMMENTS 07.20.2018

...

Thomas Effler

STEICO SE : H1 2018 figures present a mixed picture – company lowers its full-year 2018 sales guidance

>Weaker sales growth, improved EBIT margins in H1 18 - Steico’s H1 2018 sales were up 7.2% yoy to € 122.8m (H1 2017: € 114.6m) driven by i/ high demand for environmentally friendly insulation materials, and ii/ increasing demand for laminated veneer lumber (LVL). However, this sales growth was below the company’s and our expectations (€ 128m) due to unfavourable weather conditions in Q1 18, which curtailed construction activity, esp. in the UK. In addition, the weaker...

Cosmin Filker ...
  • Marcel Goldmann

GBC BEST OF M:ACCESS I.2018

Sehr geehrte Investoren,   nachdem im Rahmen der Delisting-Welle in 2016 insgesamt 12 Unternehmen den m:access verlassen hatten, sind die Delistings-Bestrebungen der Unternehmen glücklicherweise zuletzt vollständig zum Erliegen gekommen. In der Betrachtungsperiode unserer Studie (01.01.2017 – 31.05.2018) sind mit Eurographics AG und der Phönix Solar AG insolvenzbedingt lediglich zwei Unternehmen aus dem Münchner Börsensegment ausgeschieden. Dem steht aber der Neuzugang von insgesamt 9 Unternehmen gegenüber, so dass der m:access mit mittlerweile 53 Unternehmen sogar mehr Emittenten umfasst al...

Felix Lutz ...
  • Thomas Effler

ODDO BHF GERMAN MORNING NEWS – DETAILED COMMENTS 06.08.2018

...

Thomas Effler

STEICO SE : Feedback from management roadshow – still on the growth path

>Capacity expansion for further growth - On our roadshow with STEICO’s management in Zuerich and at our Next Cap conference in Paris, management confirmed our positive outlook for accelerated growth driven by i) the earlier than expected installation of its second laminated veneer lumber (LVL) production line, ii) further production capacity expansion in LVL and insolation boards and mats, and iii) growth potential based on general residential construction growth and ...

Henning Steinbrink ...
  • Roland Pfaender,MBA,CFA,CCRA

Software AG : H1 2018 update of our ODDO BHF small/mid-cap Germany Conviction List

>Updating our Conviction List on German small-and mid-caps - We are updating our Conviction List for German small-and mid-cap companies selected from the ODDO BHF coverage universe. We believe companies on this list, selected on the basis of bottom-up, valuation and momentum considerations, have the potential to outperform their respective indices over an investment horizon of up to 12 months. We will continue to actively review our Conviction List, adding or remov...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Proxy Report 21/06/2018

General: Steico develops, produces and markets ecological construction products made of renewable raw materials. The Company is the European market leader for wood-fibre insulation materials. Steico SE is listed on the Basic Board segment of the Frankfurt Stock Exchange and the m:access segment of the Munich Stock Exchange, which are not organised markets within the meaning of the German Securities Trading Act. Therefore, the Company is not a capital market-oriented company within the meaning of this legal requirement and subject to reduced statutory obligations as well as less strict admissi...

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