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

Jean-Baptiste Rouphael ...
  • Valentin Pernet

STEICO SE : Steico (Buy – TP € 30.0): solutions that support energy restraint, but the sustainable development strategy needs clarifying

>We were given an update on Steico’s non-financial strategy by Andreas Schulze, the company’s IR representative. He underlined that Steico has erected five 5 biomass-plants at its three production sites, significantly reducing the use of coal. Today the energy mix is 60% biomass and 40% coal. With further investments in biomass, STEICO aims to be completely independent of coal within the next two years. This rebalancing is driven not just by environmental concerns bu...

Jean-Baptiste Rouphael ...
  • Valentin Pernet

STEICO SE : Steico (Achat – OC 30.0 €) : des solutions au service de la sobriété énergétique, mais une stratégie de développement durable à préciser

>Nous avons fait un point sur la stratégie extra-financière de Steico avec l’IR de la société, Andreas Schulze. Il a souligné que Steico avait construit cinq usines de biomasse dans ces sites de production afin de réduire sa consommation de charbon. Le mix énergétique de Steico est aujourd’hui partagé entre 60% de biomasse et 40% de charbon. La société vise une totale indépendance vis-à-vis du charbon d’ici deux ans. Ce rééquilibrage n’est pas seulement motivé par de...

Alexander Rummler ...
  • Martin Decot
  • Thomas Effler
  • Veysel Taze

ODDO BHF GERMAN MORNING NEWS – DETAILED COMMENTS 10.19.2018

...

Thomas Effler

STEICO SE : Solid Q3 18 figures – growth path intact – further expansion of product portfolio ahead

>Solid Q3 2018 figures confirm full-year 2018 guidance - Steico increased its 9M 2018 sales by 8.3% yoy to € 187.7m (9M 17: € 173,3m), fully in line with our estimate of € 185.5m. The revenue increase was primarily driven by environmentally friendly insulation materials and laminated veneer lumber (LVL). EBITDA was up 18.5% to € 33.3m, in line with our estimate of € 33.3m. The EBITDA margin expanded to 17.7% (9M 2017: 16.2%) on increased economies of scale. EBIT impro...

Jean-Baptiste Rouphael ...
  • Valentin Pernet

STEICO SE : Steico (Buy – TP € 30.0): solutions that support energy restraint, but the sustainable development strategy needs clarifying

>We were given an update on Steico’s non-financial strategy by Andreas Schulze, the company’s IR representative. He underlined that Steico has erected five 5 biomass-plants at its three production sites, significantly reducing the use of coal. Today the energy mix is 60% biomass and 40% coal. With further investments in biomass, STEICO aims to be completely independent of coal within the next two years. This rebalancing is driven not just by environmental concerns bu...

Jean-Baptiste Rouphael ...
  • Valentin Pernet

STEICO SE : Steico (Achat – OC 30.0 €) : des solutions au service de la sobriété énergétique, mais une stratégie de développement durable à préciser

>Nous avons fait un point sur la stratégie extra-financière de Steico avec l’IR de la société, Andreas Schulze. Il a souligné que Steico avait construit cinq usines de biomasse dans ces sites de production afin de réduire sa consommation de charbon. Le mix énergétique de Steico est aujourd’hui partagé entre 60% de biomasse et 40% de charbon. La société vise une totale indépendance vis-à-vis du charbon d’ici deux ans. Ce rééquilibrage n’est pas seulement motivé par de...

Alexander Rummler ...
  • Martin Decot
  • Thomas Effler
  • Veysel Taze

ODDO BHF GERMAN MORNING NEWS – DETAILED COMMENTS 10.19.2018

...

Thomas Effler

STEICO SE : Solid Q3 18 figures – growth path intact – further expansion of product portfolio ahead

>Solid Q3 2018 figures confirm full-year 2018 guidance - Steico increased its 9M 2018 sales by 8.3% yoy to € 187.7m (9M 17: € 173,3m), fully in line with our estimate of € 185.5m. The revenue increase was primarily driven by environmentally friendly insulation materials and laminated veneer lumber (LVL). EBITDA was up 18.5% to € 33.3m, in line with our estimate of € 33.3m. The EBITDA margin expanded to 17.7% (9M 2017: 16.2%) on increased economies of scale. EBIT impro...

Henning Steinbrink ...
  • Martin Decot
  • Thomas Effler

ODDO BHF GERMAN MORNING NEWS – DETAILED COMMENTS 07.20.2018

...

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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