STEICO Group Reports Catch-Up Effects and Cost Pressures in Half-Year 2026

STEICO SE released its Half-Year Report 2026 on July 20, revealing a mixed performance amid geopolitical challenges. The company reported revenue of EUR 200.3 million for the first half, a 0.6% increase from EUR 199.1 million in the same period last year. This growth was driven by a significant uptick in demand during the second quarter, which offset a weaker first quarter as the construction season began.

However, the company faced substantial cost increases in the second quarter due to the US–Iran conflict and resulting supply chain disruptions. These cost pressures have persisted, with no signs of sustained easing. While STEICO implemented price increases to offset rising costs, the lag in their effect has heavily impacted margins. Consequently, EBITDA for the first half fell to EUR 29.0 million, down 22.1% from EUR 37.2 million in the prior year. EBIT declined by 30.8% to EUR 14.7 million, with an EBIT margin of 7.5%.

Despite these challenges, the Executive Board expects continued growth in the second half of 2026 and anticipates improving profit margins. The company reaffirms its full-year forecast, projecting revenue growth of between -2% and +4% compared to the previous year, which would result in revenue of approximately EUR 375 million to EUR 398 million. EBIT is expected to range from EUR 30 million to EUR 38 million, corresponding to an EBIT margin of 8.0% to 9.5%.

The complete financial report is available for download on the company's investor relations page at https://www.steico.com/en/investor-relations/.