from Sto AG (isin : DE0007274136)
EQS-Adhoc: Sto SE & Co. KGaA adjusts medium-term forecast and postpones the achievement of current aims from 2025 to 2027
EQS-Ad-hoc: Sto SE & Co. KGaA / Key word(s): Forecast
Sto SE & Co. KGaA adjusts medium-term forecast and postpones the achievement of current aims from 2025 to 2027
19-March-2024 / 14:16 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Publication of inside information in accordance with Article 17 Regulation (EU) No 596/2014 (MAR)
Sto SE & Co. KGaA, Stühlingen
ISIN: DE0007274136 / WKN: 727413
Sto adjusts medium-term forecast and postpones the achievement of current aims from 2025 to 2027
Reduction of communicated aims for 2025 to a group turnover of 1.9 Billion EUR and a return on sales with respect to the earnings before taxes (EBT) between 7.6 % - 9.2 % (previous forecast 2025: Turnover 2.1 Billion EUR and return on sales with respect to EBT of 10 %)
Achievement of the medium-term forecast with a turnover in the Sto Group in the amount of 2.1 Billion EUR and a return on sales with respect to the earnings before taxes (EBT) of 10 % for Sto Group first expected in 2027
Stühlingen, 19 March 2024 – The board of directors of STO Management SE as the personally liable partner of Sto SE & Co. KGaA has adjusted its previous expectation for the group turnover in the amount of 2.1 Billion EUR and a return on sales with respect to the earnings before taxes (EBT) of 10 % for Sto Group downwards due to the general macroeconomic situation in the construction segment especially in its major single market Germany. The board expects to achieve this aim (Group turnover in the amount of 2.1 Billion EUR and a return on sales with respect to the earnings before taxes (EBT) of 10 % for Sto Group) not as previously planned in 2025 but first in 2027. Therefore, the board of directors has adjusted the medium-term forecast and the medium-term aims for the business year 2025 to a group turnover of 1.9 Billion EUR and a return on sales with respect to the earnings before taxes (EBT) between 7.6 % - 9.2 %; the Supervisory Board has approved this adjustment by decision as of today.
However, Sto confirms the amounts of the medium-term forecast of a group turnover in the amount of 2.1 Billion EUR and a return on sales with respect to the earnings before taxes (EBT) of 10 % for Sto Group. The medium-term aims for the business year 2027 shall amount to a group turnover of 2.1 Billion EUR and a return on sales with respect to the earnings before taxes (EBT) of 10 % so the previous medium-term forecast shall be postponed by two years.
The audited consolidated financial statements of Sto SE & Co. KGaA for 2023 with an outlook for 2024 will be published on 29 April 2024.
Contact person at Sto SE & Co. KGaA:
Désirée Konrad, Chief Financial Officer of STO Management SE
Contact via phone: +49 7744 57-1241, e-mail: s.zeller@sto.com
Contact to the media:
Claudia Wieland, Redaktionsbüro tik GmbH,
Tel.: +49 911 98817071, e-mail: info@tik-online.de
End of Inside Information
19-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | Sto SE & Co. KGaA |
| Ehrenbachstraße 1 | |
| 79780 Stühlingen | |
| Germany | |
| Phone: | +49 (0)7744 57-0 |
| Fax: | +49 (0)7744 57-2178 |
| E-mail: | info@sto.com |
| Internet: | www.sto.de |
| ISIN: | DE0007274136 |
| WKN: | 727413 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (General Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange |
| EQS News ID: | 1862211 |
| End of Announcement | EQS News Service |
1862211 19-March-2024 CET/CEST