The Steico Group’s revenues in the first nine months of 2018 were up 8.3% year-on-year, from Euro 173.3 million to Euro 187.7 million. In addition, earnings once again enjoyed disproportionate growth, as the company said in the press release received by Lesprom Network.
EBITDA in the first nine months was up 18.5% year-on-year, from Euro 28.1 million to Euro 33.3 million. EBIT grew by 19.5% to Euro 19.6 million (previous year: Euro 16.4 million).
Net income for the period grew by 28.6% to Euro 13.5 million, compared to Euro 10.5 million in 2017.
Steico develops, produces and markets ecological construction products made of renewable raw materials. Steico is the European market leader in the wood-fibre insulation materials segment.
