STEICO SE Adjusts 2024 EBIT Forecast Following Asset Impairment

On December 11, 2024, STEICO SE announced an adjustment to its EBIT forecast for the 2024 financial year due to impairments of fixed assets. The impairment test revealed that some production assets in Poland have a carrying value exceeding their fair value. Consequently, STEICO SE will record a non-cash impairment of EUR 15.2 million under German GAAP, negatively impacting EBIT.

Initially, the company projected its 2024 EBIT to be between EUR 53 million and EUR 55 million. However, the revised forecast now estimates the EBIT to range from EUR 38 million to EUR 40 million. Despite this adjustment, the business performance continues to align with previous expectations, and the impairment will not affect the company's net debt position.