The STEICO Group's revenues in the first nine months of 2017 were up 10.3% year-on-year, from Euro 157.1 million to Euro 173.3 million, as the company said in the press release received by Lesprom Network.
In addition, earnings continued to grow. EBITDA in the first nine months was up 8.1% year-on-year, from Euro 26 million to Euro 28.1 million.
EBIT grew by 12.3% to Euro 16.4 million (previous year: Euro 14.6 million). Net income for the period grew by 14.1% to Euro 10.5 million (previous year: Euro 9.2 million).
STEICO develops, produces and markets ecological construction products made of renewable raw materials. STEICO is the European market leader for wood fiber insulation materials.
