STEICO (ST5) Q3 2025 earnings summary

Executive summary

• Earnings remained solid despite a slower-than-expected market recovery in the construction sector.

• A production breakdown in June 2025 led to increased delivery times and slightly lower Q3 sales.

Financial highlights

• Q3 2025 sales were €92.5 million, down from €100.3 million in Q3 2024.

• 9M 2025 cumulative sales rose 0.8% year-over-year to €291.6 million.

• EBIT for 9M 2025 was €29.1 million, down from €47.6 million in 9M 2024.

• Gross earnings for 9M 2025 declined 4.3% to €146.7 million.

• EBITDA for 9M 2025 fell 22.9% to €53.0 million.

Outlook and guidance

• Full-year revenue is now expected to be 1% to 3% above the previous year, revised from 3% to 6%.

• Revenue guidance corresponds to €380–388 million.

• EBIT guidance is €30–35 million, slightly raised from the previous lower bound.

• Management expects a return to stronger growth in 2026.