The STEICO Group (ISIN DE000A0LR936) released its Half-Year Report 2026 today, revealing a mixed performance as catch-up effects in the second quarter were offset by significant cost pressures stemming from the US–Iran conflict. With the construction season underway, demand for STEICO products rebounded strongly in Q2, bringing first-half turnover to EUR 200.3 million, a slight 0.6% increase from EUR 199.1 million in the same period last year. This growth, however, was insufficient to counterbalance the impact of rising costs on profitability.
STEICO faced massive cost increases in the second quarter due to supply chain disruptions linked to the US–Iran conflict. These disruptions have driven up costs across multiple areas, with no immediate signs of easing. Although the company has implemented price increases to offset these rising costs, the measures are taking effect with a time lag, resulting in a pronounced impact on margins for the first half of 2026. EBITDA for the period fell to EUR 29.0 million, a decline of 22.1% compared to EUR 37.2 million in the prior year. EBIT dropped even more sharply, reaching EUR 14.7 million, down 30.8% from EUR 21.2 million. The EBIT margin stood at 7.5% of total operating revenue at the end of the half-year.
Despite these challenges, the Executive Board remains optimistic about the second half of 2026. They anticipate further growth and a continued improvement in profit margins, confirming the full-year forecast. Provided the economic outlook does not deteriorate further, management expects full-year revenue growth between -2% and +4% compared to the previous year, translating to revenue of approximately EUR 375 million to EUR 398 million. EBIT is projected to range from EUR 30 million to EUR 38 million, corresponding to an EBIT margin of 8.0% to 9.5%.
The complete financial report is available for download at https://www.steico.com/en/investor-relations/. STEICO Group, headquartered in Munich, is a global market leader in wood fibre insulation materials and provides an integrated timber construction system. The company's products are used in new builds and renovations to improve energy efficiency and living quality.
