EQS-News

STEICO: Correction to the corporate news from 19 April 2024. Net profit for the period Q1 2024: € 5.9 million; previous year € 2.1 million.

EQS-News: STEICO SE / Key word(s): Quarterly / Interim Statement STEICO: Correction to the corporate news from 19 April 2024. Net profit for the period Q1 2024: € 5.9 million; previous year € 2.1 million. 20.04.2024 / 08:50 CET/CEST The issuer is solely responsible for the content of this announcement. Correction of a formatting error: In the Corporate News of 19 April 2024, the values for the net profit for the period were assigned to the wrong periods in the table "Business Development Q1 2024". The correct allocation is: Net profit for the period Q1 2024: € 5.9 million, net profit for the period Q1 2023: € 2.1 million. The corrected corporate news is listed in full below. STEICO SE: Q1 2024 – Stable business situation with positive earnings performance

Feldkirchen near Munich, 19 April 2024. Today the STEICO group (ISIN DE000A0LR936) released its interim report for the first quarter 2024. 

Business Development Q1 2024

KPI	Q1 2024	Q1 2023
Revenue	95.9 €m	96.5 €m
Total operating revenue (TOR)	93.2 €m	97.9 €m
EBITDA	17.8 €m	12.8 €m
EBITDA margin in % TOR	19.1 %	13.1 %
EBIT	10.8 €m	5.9 €m
EBIT margin in % TOR	11.6 %	6.0 %
Profit of the period	5.9 €m	2.1 €m

The stabilisation trend continued in the first quarter of 2024. Falling inflation, stable interest rates and a constant competitive situation are also stabilising demand for STEICO products. With revenue of € 95.9 million, revenue in the first quarter was only 0.7% down on the previous year.