The STEICO Group (ISIN DE000A0LR936) released its Half-Year Report 2026 on July 20, revealing a mixed performance as demand rebounded in the second quarter but was offset by rising costs linked to geopolitical tensions. Revenue for the first half of 2026 reached EUR 200.3 million, a modest 0.6% increase from EUR 199.1 million in the same period last year, driven by catch-up effects as the construction season began. However, the company faced substantial cost pressures stemming from the US–Iran conflict and resulting supply chain disruptions, which impacted profitability.
EBITDA for the first half fell 22.1% to EUR 29.0 million, compared to EUR 37.2 million a year earlier, while EBIT dropped 30.8% to EUR 14.7 million from EUR 21.2 million. The EBIT margin stood at 7.5% of total operating revenue. The company noted that price increases implemented to offset higher costs are taking effect with a time lag, and there are no signs of an immediate easing in cost pressures. Despite these challenges, STEICO’s Executive Board expects continued growth in the second half of the year and anticipates improving profit margins.
For the full year 2026, management confirmed its forecast, projecting revenue growth between -2% and +4% compared to the previous year, corresponding to revenue of approximately EUR 375 million to EUR 398 million. EBIT is expected to range from EUR 30 million to EUR 38 million, implying an EBIT margin of 8.0% to 9.5%. The complete financial report is available at STEICO Investor Relations.
STEICO, headquartered in Munich, is a global market leader in wood fibre insulation materials and offers an integrated timber construction system. Its products include flexible insulation bats, insulation boards, laminated veneer lumber, and I-joists, catering to both new builds and renovations. The company’s focus on bio-based materials positions it within the sustainable building sector, which may see increased demand as energy efficiency regulations tighten. However, the near-term outlook is tempered by external cost pressures that could affect margins across the industry.
