Become a member Register now
Happy 
xMas Holidays
xMas Holidays
xMas Holidays
|
EQS-Ad-hoc: Sto SE & Co. KGaA / Key word(s): Forecast 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. |
| 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
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
