The STEICO Group (ISIN DE000A0LR936) released its Half-Year Report 2026 today, revealing a mixed performance. With the start of the construction season in the second quarter, demand for STEICO products rose significantly, bringing first-half turnover to EUR 200.3 million, a 0.6% increase compared to the same period last year (EUR 199.1 million). This offset a weaker first quarter, but the company faced massive cost increases in the second quarter due to the US–Iran conflict and related supply chain disruptions.
According to the report, there are currently no signs of a sustained easing of the situation, and costs continue to rise in many areas. Price increases implemented to offset these cost rises are taking effect with a time lag, which has strongly impacted margins for the first half. EBITDA after six months stands at EUR 29.0 million, a decline of 22.1% from EUR 37.2 million in the prior year. EBIT, at EUR 14.7 million, is 30.8% below the previous year’s figure of EUR 21.2 million. The EBIT margin (as a proportion of total operating revenue) stood at 7.5% at the end of the first half.
The Executive Board expects that further growth can be achieved in the second half of the year and that profit margins will continue to improve. Accordingly, management confirms the forecast for the full year 2026. Provided the economic outlook does not deteriorate further, management expects revenue for the full year 2026 to grow by between -2% and +4% compared with the previous year. This would correspond to revenue of around EUR 375 million to EUR 398 million. EBIT is expected to be between EUR 30 million and EUR 38 million, corresponding to an EBIT margin of 8.0% to 9.5%.
The complete financial report can be downloaded at https://www.steico.com/en/investor-relations/.
