German wood fibre insulation manufacturer Steico reports revenue of Euro 199.1 million in the first half of 2025 rose by 4.4% (Euro 190.8 million in 1H 2024).
Long-term indicators are also developing positively in Germany, the Steico Group's most important market. Building permits are showing an upward trend for the first time since 2022. From January to April 2025, the number of building permits for single-family homes rose by 15.4% compared to the same period last year.
After a strong Q1, growth momentum slowed in the Q2 2025. Revenue of Euro 97.3 million was generated in Q2, compared to Euro101.8 million in Q1 2025. However, operating profitability continued to improve in the Q2, with EBIT amounting to Euro12.2 million.
EBIT (recognised under German GAAP) amounted to Euro 21.2 million, down 34.0% on the previous year (Euro 32.0 million). It should be noted that the previous year's EBIT was still influenced by positive effects from currency hedging in the amount of Euro 19.8 million, which, as expected, were lower in 1H 2025 at Euro 5.1 million. The EBIT margin (in relation to total operating performance) was 10.4% in the 1H 2025.
The management confirms its forecast for the full year 2025. Revenue growth of around 3% to 6% is expected compared with the previous year's revenue. This would correspond to revenue of around Euro 388 million to Euro 399 million. Operating profit (EBIT) is expected to be between Euro 29 million and Euro 35 million.
Steico develops, produces and markets ecological construction products made of renewable raw materials. Steico is the global market leader for wood fibre insulation materials.
