STEICO Group (ISIN DE000A0LR936) published its Half-Year Report 2026 on July 20, revealing a mixed performance as demand picked up in the second quarter but cost pressures intensified due to global geopolitical tensions. The company's turnover reached EUR 200.3 million in the first half of 2026, a 0.6% increase from EUR 199.1 million in the same period last year, driven by a strong construction season that offset a weaker first quarter.
However, the positive revenue trend was overshadowed by significant cost increases stemming from the US–Iran conflict and related supply chain disruptions. STEICO faced rising costs across multiple areas, and while price increases were implemented to mitigate these pressures, they took effect with a time lag, severely impacting margins. EBITDA for the first half fell to EUR 29.0 million, a 22.1% decline from EUR 37.2 million a year ago. EBIT dropped 30.8% to EUR 14.7 million (previous year: EUR 21.2 million), and the EBIT margin stood at 7.5% of total operating revenue.
Looking ahead, the Executive Board anticipates continued growth in the second half of 2026 and expects profit margins to improve. The management has reaffirmed its full-year forecast, projecting revenue growth between -2% and +4% compared to the previous year, which would correspond to revenue of approximately EUR 375 million to EUR 398 million. EBIT is expected to range between EUR 30 million and EUR 38 million, implying 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, a global market leader in wood fiber insulation materials, offers a comprehensive range of bio-based building products for new construction and renovation, contributing to energy-efficient and high-quality living spaces.
