DGAP-News

Sto SE & Co. KGaA: Consolidated turnover up by 17.1 % to EUR 778.1 million in the first half of 2021 compared to the same period the previous year

DGAP-News: Sto SE & Co. KGaA / Key word(s): Half Year Report/Interim Report Sto SE & Co. KGaA: Consolidated turnover up by 17.1 % to EUR 778.1 million in the first half of 2021 compared to the same period the previous year 31.08.2021 / 10:00 The issuer is solely responsible for the content of this announcement. P R E S S R E L E A S E Sto SE & Co. KGaA, Stühlingen/Germany

 

• Consolidated turnover up by 17.1 % to EUR 778.1 million in the first half of 2021 compared to the same period the previous year
• Turnover in Germany increases by 9.4 % to EUR 342.1 million; volume outside of Germany rises by 24.0 % to EUR 436.0 million compared to the 2020 figure, which was lower due to the coronavirus pandemic
• Gross profit margin of 53.5 % (previous year: 55.4 %) under considerable pressure due to significant rises in procurement prices
• Consolidated EBIT improves by 56.2 % to EUR 68.9 million and earnings before tax (EBT) by 67.4 % to EUR 71.8 million
• Number of employees in the Group up by 67 to 5,713, through expansion of the companies consolidated
• Forecast for 2021 as a whole: increase in turnover of 10 % to approximately EUR 1,578 million (adjusted based on current estimate from previous forecast 4.5 %, approximately EUR 1,498 million) and EBT ranging between EUR 95 million and EUR 110 million expected

Stühlingen, 31 August 2021 - Sto SE & Co. KGaA was able to continue the good business development seen in the first few months of the year into the second quarter of 2021. Compared to the same period the previous year, which was impacted heavily by the coronavirus pandemic, significant catch-up effects were achieved, especially in a number of markets outside of Germany. The high demand in the construction sector, which also resulted from a shortage of investment alternatives on the capital market, was also assisted by the generally favourable weather conditions. In the first half of 2021, consolidated turnover increased by 17.1 % compared to the first half of 2020 to EUR 778.1 million (previous year: EUR 664.5 million). Of this, the first-time full consolidation of Jonas Farben GmbH accounted for EUR 13.0 million. A net negative effect of EUR 5.4 million arose from currency translations. Adjusted for first-time consolidation and currency translation effects, the Sto Group achieved organic growth of 15.9 %.