Germany: Wood fibre insulation producer Steico reported sales of €191m in the first half of 2024, in line with the first half of 2023. It grew its earnings before interest, taxation, depreciation and amortisation (EBITDA) by 53%, to €46m.
Steico maintained a ‘cautious outlook’ for the second half of 2024 and 2025, amid anticipated additional costs from commissioning its new Gromadka insulation plant Poland. It forecast full-year sales of €365m in 2024, in line with 2023.
