STO Group Hits 2023 Turnover & Earnings Targets Amidst Tough Market Conditions

• The Sto Group achieved its forecast turnover and earnings targets for 2023 despite a difficult market environment.
• The consolidated turnover decreased by 3.9% to EUR 1,718.0 million due to negative weather conditions and increasing uncertainty among investors.
• The consolidated EBIT decreased by 2.5% to EUR 126.5 million and EBT by 0.7% to EUR 127.4 million.
• The Executive Board of the personally liable partner STO Management SE proposes an unaltered dividend distribution: EUR 0.31 per limited preference share and of EUR 0.25 per limited ordinary share plus a bonus of EUR 4.69 per preference and per ordinary share.
• The outlook for 2024: Sto expects a Group turnover of EUR 1.79 billion and EBIT of between EUR 113 million and EUR 138 million.
• The Sto Group, which had 5,783 employees worldwide at the end of 2023, continued to gain strength with the equity ratio increasing slightly to 62.6% and cash and cash equivalents increased to EUR 122.3 million.

The price of STO at the time of the news was 148,30EUR and was down -0,74 % compared with the previous day.
At this time, the index SDAX was at 14.360,41PKT (+0,77 %).

STO

-0,12 %

-0,36 %

+8,09 %

+13,74 %

-11,44 %

-1,55 %

+71,43 %

+12,27 %

+8.260,90 %

ISIN:DE0007274136WKN:727413

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