In January-September, 2023 the revenue of Steico decreased by 19,1%

The revenue of the German producer of insulating materials Steico following the results of the nine first months 2023 made 282,4 million euros that is 19,1% less, than year before, the press service of companies reports. The indicator of EBIT decreased by 55,3% to 25,7 million euros, EBITDA indicator — for 37,3% to 47,3 million euros. Earlier it became known that one of world leaders in a segment of highly effective isolation of Kingspan Group plc will acquire 51% of shares of Steico with an option for acquisition of another 10% in the future...