Engineered wood product manufacturer Steico AG’s final 2023 results saw EBITDA dip by 34.9% to €57.7m (2022: €88.6m) due to a challenging market environment. Steico produces wood fibre insulation boards, I-joists, LVL and fibreboard. Germany remained its top market, followed by France and the UK. Its UK market saw a 11.3% reverse in sales during 2023 to €39.7m. The German business saw an even greater drop at -26.6% to €128.3m sales. The three main product areas – wood fibre insulation, I-joists and LVL – saw a sales decrease of ...
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