STEICO SE (ISIN DE000A0LR936) released its Half-Year Report 2026 today, revealing that revenue for the first half of the year reached EUR 200.3 million, up 0.6% from EUR 199.1 million in the same period last year. The growth was driven by a significant uptick in demand during the second quarter as the construction season began, offsetting a weaker first quarter. However, the company faced massive cost increases in Q2 due to the US–Iran conflict and related supply chain disruptions, which have continued to rise with no signs of easing.
As a result, EBITDA after six months stood at EUR 29.0 million, a decline of 22.1% compared to EUR 37.2 million in the previous year. EBIT fell 30.8% to EUR 14.7 million from EUR 21.2 million, and the EBIT margin dropped to 7.5% of total operating revenue. The company noted that price increases implemented to offset rising costs are taking effect with a time lag, which heavily impacted first-half margins.
Despite these challenges, the Executive Board expects further growth in the second half of the year and anticipates continued improvement in profit margins. Management confirmed the full-year 2026 forecast, projecting revenue growth between -2% and +4% compared to the previous year, which would correspond to revenue of approximately EUR 375 million to EUR 398 million. EBIT is expected to range from EUR 30 million to EUR 38 million, yielding an EBIT margin of 8.0% to 9.5%.
The complete financial report can be downloaded at https://www.steico.com/en/investor-relations/.
