STEICO AKTIENGESELLSCHAFT (FRA:ST5) EQS-Adhoc: Update of the sales and earnings forecast for 2023
Transparency directive : regulatory news
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EQS-Ad-hoc: STEICO SE / Key word(s): Profit Warning Update of the sales and earnings forecast for 2023 Feldkirchen near Munich, 21 June 2023 - (ISIN DE000A0LR936) - Based on current business figures, the Management Board of STEICO SE today updated the STEICO Group's revenue and earnings forecast for the year 2023 as a whole. Sales are now expected to be around 15% below the previous year (previously: at previous year's level) and EBIT is expected to be 8% to 10% (previously: 10% to 15%) in relation to total operating revenues. Although there are currently signs of a pick-up in demand, its momentum is below original expectations. Reasons for this include increasingly tough competition in the wood-fibre insulation segment and continued restraint on the part of STEICO customers. Management is responding to the current situation with short-term measures to reduce costs and ensure liquidity. As before, the management believes that STEICO is very well positioned in a future market and is confident that it can lead the Group back to growth in the medium and long term. Contact
End of Inside Information
21-Jun-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | STEICO SE |
| Otto-Lilienthal-Ring 30 | |
| 85622 Feldkirchen | |
| Germany | |
| Phone: | +49 - (0)89 - 99 15 51 - 0 |
| Fax: | +49 - (0)89 - 99 15 51 - 700 |
| E-mail: | info@steico.com |
| Internet: | http://www.steico.com |
| ISIN: | DE000A0LR936 |
| WKN: | A0LR93 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange |
| EQS News ID: | 1662361 |
| End of Announcement | EQS News Service |
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1662361 21-Jun-2023 CET/CEST