Sto Group's 2023 Q1-Q3 Revenue Drops 4.1% to €1.325 Billion

• Turnover of the Sto Group decreased by 4.1% to EUR 1,325.5 million in the first nine months of 2023
• The decline in turnover was due to negative weather conditions and increasing uncertainty among investors in Germany
• Turnover decreased by 5.6% in Germany and by 2.9% outside of Germany
• Consolidated earnings (EBT) were below the previous year
• The number of employees in the Group increased by 64 to 5,903 as of the end of September
• The turnover forecast for 2023 was adjusted to EUR 1.71 billion, while the earnings forecast remained unchanged

At this time, the index SDAX was at 13.219,95PKT (+0,08 %).