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News Steico sales rise by 10.6% to Euro209m in 2016

Steico sales rise by 10.6% to Euro209m in 2016

Written by Global Insulation staff
07 February 2017
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Germany: Steico, a manufacturer of thermal insulation made from wood, has reported that its sales rose by 10.6% year-on-year to Euro209m in 2016 from Euro189m in 2015. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 34.4% to Euro33.2m from Euro24.7m. The company said that ‘very pleasing growth’ was noted for its wood-fibre insulation materials in 2016 but it didn’t specific any volumes. It did mention ‘continued price pressure’ in the period as well as increased exports.

Last modified on 07 February 2017
Published in Global Insulation News
Tagged under
  • Germany
  • Steico
  • Results
  • wood fibre
  • GGM30

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