STEICO
The green share: Information for shareholders

Current News: Annual Report 2023

02 May 2024: Preliminary figures confirmed by financial statements 2023

Q1 Report 2024

19 April 2024: Stable business situation with positive earnings performance

More current information

STEICO Equity Story

Global market leader

The STEICO Group is the world market leader in the production and sale of ecological wood fibre insulation materials and a leading supplier of innovative timber construction products. 

Established system provider

STEICO occupies a unique position on the market with the industry's largest product range of ecological insulation materials and an innovative construction systems for timber construction. Almost the entire load-bearing and insulating shell of a building can be constructed with STEICO products. International customer base.

International customer base

The STEICO Group’s international customers come from the timber and construction materials trade, timber construction companies, the pre-fabricated housing industry, the laminated flooring and parquet sector and DIY stores.

Excellent perspectives

The STEICO Group has invested in new products, state-of-the-art production locations, the largest production capacity in the industry, as well as a highly qualified technical and sales team, thus reinforcing its substance and creating the foundations for further growth.

Sustainable products - sustainable production

The STEICO Group relies on sustainable forestry - the wood used comes from forests that are certified according to the strict rules of the FSC® or PEFC. All products have the necessary building authority approvals. In addition, independent product tests by the IBR (Institut für Baubiologie Rosenheim) guarantee the high quality of the products. The STEICO Group also sets standards with regard to environmentally friendly production and uses, for example, CO2-neutral biomass as an energy source.

Growth story in a dynamic market environment

Ecological STEICO insulation materials and construction products fit perfectly in the current era of increased ecological awareness. The trend towards more natural products in construction as well as the growing share of timber construction form the basis for STEICO's dynamic growth. Between 2007 and 2019, STEICO realized an average annual sales growth of 9.3%.

Tried-and-trusted management team

Udo Schramek founded STEICO in 1986 and today holds the position of CEO and Chairman of the Board of Directors. All managing directors have many years of professional expertise, industry experience and are recognized experts in their fields.

Responsible Growth

Ecological and socially responsible actions have always been anchored in STEICO's corporate culture. As a pioneer for sustainable building products, STEICO sets standards. In the past 5 years, for example, more than € 60 million have been invested in measures for more climate protection. 

A large number of awards and quality certificates document our commitment. In July 2021, STEICO was awarded the first Bavarian Resource Efficiency Prize. In spring 2020, STEICO was awarded the ISS Prime Label for its STEICO ESG activities (Environmental, Social, Governance). In 2018, STEICO was recognised by the Bavarian State Government with the "Bavaria's Best 50" award.

More about sustainability

 

Management Profiles

  • Mrs Aiveen Kearney, born 1973, was appointed as Managing Director with effect from 1 May 2024. She holds the position of CEO from 1 July 2024. Mrs Kearney has many years of international management experience and is a proven expert in the implementation of transformation processes and profitable growth strategies. She has held management positions in the Kingspan Group since 2018, among others as Managing Director of Kingspan Insulation UK & Ireland, where she was responsible for revenues of around €300 million.

  • Mr. Thorsten Leicht was appointed as Managing Director of Production in January 2020. Before taking office, Mr. Leicht held various management positions in the timber industry and prefabricated house industry. Thanks to his many years of extensive professional experience as a graduate engineer specializing in the sawmill industry, timber industry, packaging and prefabricated house industry, he has in-depth knowledge, particularly in operational management.

  • Mr. Dr. David Meyer, born in 1971, is the group’s CFO. He studied economic engineering in Kaiserslautern and Paris, and obtained his doctorate from Kaiserslautern Technical University. After working as a consultant he soon held executive positions with various SMEs, including in the construction sector. Dr. Meyer is an expert for corporate finance, accounting, financial accounting and financial control as well as M&A.

  • Mr. Roger Fränkel, born in 1971, learnt about the many facets of wood as a raw material at his parents' sawmill. He completed a degree in wood technology at Rosenheim University of Applied Sciences and began his professional career as a business analyst and consultant in the wood industry. He subsequently held various management positions in leading companies in the timber industry, where he was responsible in particular for plant installations, modernisations and expansions of production facilities and production sites in an international environment. Mr Fränkel was appointed Managing Director for Investments and Plant Engineering in July 2023 after having familiarised himself with the field of activity for several months.

  • Mr. Tobias Schindler, born in 1972, has held the position of Managing Director Sales since 1 April 2020. Mr. Schindler graduated from the Rosenheim University of Applied Sciences with a degree in timber construction. During his professional career he gained extensive experience in several companies, both in the prefabricated timber house sector and in the timber industry. Most recently, Mr. Schindler held the position of Sales Manager for Further Processing with an internationally active group in the timber industry.

Available Research Studies

Berenberg

Analyst: Mr. Christoph Greulich
Coverage since 11/2021
Study available from Berenberg

M. M. Warburg & Co

Analyst: Mr. Philipp Kaiser
Coverage since 10/2018
Study available from M.M. Warburg

Montega

Analyst: Mr. Patrick Speck
Coverage since 06/2020
Study available at Montega, Bloomberg, Reuters, Capital IQ and DGAP 

Further Information

Historical stock exchange releases

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