Interim report
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SOCIETAS EUROP AEA Group interim report 9M/Q3 2026 STEICO stands its ground in a challenging environment 9M
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2 STEICO 9M/Q3 Report 2026 Group interim report on 9M/Q3 2026 The STEICO Group can look back on a solid performance in the third quarter of 2026. Nevertheless, the impact of the weather- related slump in the first quarter, as well as persistently high energy and raw material costs, is affecting the nine-month results. 9-month key figures In the first nine months of 2026, the STEICO Group achieved revenue growth of 3.1% to € 301.0 million. Total output amounted to € 300.0 million. At € 47.1 million, nine-month EBITDA was 11.1% lower than in the previous year. EBIT stands at € 24.9 million, which is 16.8% lower than in the previous year. The EBIT margin after nine months is 8.3% (as a proportion of total operating revenue) (figures recognised under German GAAP). A standalone look at the third quarter of 2026 With sales of € 100.7 million in the third quarter of 2026, an increase in turnover of 8.9% was recorded compared with the same period last year (previous year: € 92.5 million). It should be noted, however, that the third quarter of the previous year was characterised by delivery delays resulting from a production disruption. Although the second quarter of 2026 saw slightly stronger growth, with sales of €105.4 million, it should be noted that this figure includes a catch-up effect following the weather- related slump in the first quarter of 2026, when turnover stood at € 94.8 million. EBITDA for the third quarter of 2026 amounted to € 18.1 million, representing an increase of 14.6% compared with the same period last year, when it stood at € 15.8 million. EBIT for the third quarter of 2026 rose by 29.7% to € 10.3 million (previous year: € 7.9 million). The EBIT margin for the third quarter was 9.9% (as a proportion of total operating revenue). Economic outlook and competitive environment Despite a rising number of building permits, high energy prices across Europe and the economic cloudiness in the major European economies are having an impact on construction activity. As the slump in permits seen in 2023 and 2024 is only affecting construction sites with a time lag, the current volume of construction is low. At the same time, the so-called construction backlog is growing. A considerable proportion of the approved units are temporarily on hold due to high financing and construction costs. In addition, the market for wood fibre insulation materials continues to be characterised by overcapacity and price pressure. Outlook Taking into account business performance to date, the management has specified its forecast for the full year 2026. Provided the economic outlook does not deteriorate further, management expects revenue growth of between 0% and +4% compared with the previous year (previously -2% and +4%). This would correspond to turnover of around € 382.9 million to € 398.2 million. EBIT is now expected to be between € 30.6 million and € 35.0 million. This would correspond to an EBIT margin of 8.0% to 8.8% (previously 8.0% to 9.5%). STEICO stands its ground in a challenging environment
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3 STEICO 9M/Q3 Report 2026 Konzernzwischenmitteilung 9M/Q3 2026 Additional KPIs 9M 2026 9M 2025 1. Total operating revenue (TOR) in € million 300.0 286.7 2. EBITDA margin as a percentage of TOR 15.7 18.5 3. EBIT margin as a percentage of TOR 8.3 10.2 9M 2026 – STEICO Konzern 75 150 225 300 9M 2026 9M 2026 9M 2026 9M 2026 9M 2025 9M 2025 9M 2025 9M 2025 375 30 60 90 120 150 15 30 45 60 75 €m€m 10 20 €m€m 30 40 50 €m €m 12 24 36 48 60 7.5 15.0 22.5 30.0 37.5 9M 2026 Revenue growth in € millions 9M 2026 Gross profi ts growth in € millions 9M 2026 EBITDA growth in € millions 9M 2023 EBT growth in € millions 9M 2026 EBIT growth in € millions 9M 2023 Profi t for the Period growth in € millions 47.1 53.0 +3.1% 24.9 29.1 301.0291.6 -11.1% -16.8% 145.3146.7 -0.9% 9M 2026 – STEICO Konzern 75 150 225 300 9M 2026 9M 2026 9M 2026 9M 2026 9M 2025 9M 2025 9M 2025 9M 2025 375 30 60 90 120 150 15 30 45 60 75 €m€m 10 20 €m€m 30 40 50 €m €m 12 24 36 48 60 7.5 15.0 22.5 30.0 37.5 9M 2026 Revenue growth in € millions 9M 2026 Gross profi ts growth in € millions 9M 2026 EBITDA growth in € millions 9M 2023 EBT growth in € millions 9M 2026 EBIT growth in € millions 9M 2023 Profi t for the Period growth in € millions 47.1 53.0 +3.1% 24.9 29.1 301.0291.6 -11.1% -16.8% 145.3146.7 -0.9% * Rohergebnis = Revenue +/- Change in inventories of finished goods and work in progress + other own work capitalised + other operating income - cost of materials
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SOCIETAS EUROP AEA Responsible for content STEICO SE Otto-Lilienthal-Ring 30 85622 Feldkirchen Web: www.steico.com Mail: info@steico.com Company profile The STEICO Group develops, produces and sells building products made from bio-based raw materials. STEICO is the global market leader in the wood fi bre insulation materials segment. STEICO is positioned as a system provider and is the only manufacturer in the industry to offer an integrated timber construction system in which innovative timber structures and bio-based insulation materials complement each other. The insulation materials include fl exible wood fi bre insulation bats, stable wood fi bre insulation boards and air-injected insulation materials made from wood fi bres and cellulose. Laminated veneer lumber and I-joists form the structural components of the system. Sealing products for the building envelope and plaster components for façade insulation round off the overall system. The STEICO Group offers its customers a wide range of products, including the prefabrication of complete components for timber element construction. The Munich-based company‘s products are suitable for both new builds and the renovation of roofs, walls, ceilings, fl oors and façades. STEICO products can contribute to the construction of future-proof, energy- effi cient buildings with a particularly high quality of living. They help to permanently improve protection against cold, heat and noise. STEICO Newsletter steico.com/newsletter Disclaimer The information in this statement is based on German accounting in accordance with the German Commercial Code (HGB). Percentage growth rates and margins calculated on the basis of unrounded figures. Reporting is based on a 4-4-5 calendar; the reporting period therefore covers the period from 1 January 2026 to 29 June 2026. Prior-year figures have not been adjusted due to immateriality. This document is a courtesy translation of the German original document. The translation has been prepared with utmost care. However, only the German original document is binding. Publication date: 2026-10-13 Disclaimer The information in this statement is based on German accounting in accordance with the German Commercial Code (HGB). Percentage growth rates and margins calculated on the basis of unrounded figures. Reporting is based on a 4-4-5 calendar; the reporting period therefore covers the period from 1 January 2026 to 27 September 2026. Prior-year figures have not been adjusted due to immateriality. This document is a courtesy translation of the German original document. The translation has been prepared with utmost care. However, only the German original document is binding.