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.