In 1Q 2021, the Steico Group recorded a 21.8% surge in sales to Euro 90.6 million, with a simultaneous disproportionately high increase in earnings. EBIT rose by 128.9% to Euro 13.8 million, while net income for the period, at Euro 8.7 million, was 141.9% higher than in the same quarter of the previous year. Steico thus recorded by far the most successful 1Q in the company's history.
In order to continue to meet the increasing demand, Steico is currently pursuing the largest investment program in the company's history. With a focus on wood fiber insulating materials, capacities are not only being expanded at the existing locations. In Gromadka, Poland, Steico is also investing in the construction of a completely new insulation materials plant.
Steico is the global market leader for wood fiber insulation materials. The company develops, produces and markets ecological construction products made of renewable raw materials.
