Steico is a German, founder-controlled wood fiber insulation specialist. The company’s products help reduce buildings’ embodied and operating emissions, as they act as a carbon storage, being wood-based, and improve energy efficiency through their insulating properties. The company was able to grow at impressive double-digit rates in the last years, expanding capacity while maintaining a stable product mix. The importance of insulation products and energy efficiency for decarbonization and energy transition policies is expected to support demand for the company’s products in the medium and long term, albeit with increased competition. In the short and medium term, macroeconomic headwinds from tighter monetary policy are expected to continue to put pressure on top and bottom line.
The full report (PDF, 10 pages) covering
- Investment Case
is available for download here: Company Research – Steico SE (07.07.2023)
Figure 6: Schematic environmental impact of wood-based insulation products vs. alternatives. Depiction by Timber Finance.