Sto SE & Co. KGaA Announces Adjustments to Medium-Term Financial Forecasts

Sto SE & Co. KGaA, headquartered in Stühlingen, has officially revised its financial forecasts for the coming years, signaling changes in its expected performance. As articulated, the company faces adjustments driven by ongoing macroeconomic challenges, particularly within the construction industry in Germany, its primary market.

Initially aiming for a group turnover of 2.1 billion EUR and a 10% return on sales with respect to earnings before taxes (EBT) by 2025, these targets have now been adjusted. The company anticipates reaching these goals by 2027, attributing the delay to the broader economic pressures affecting its operations. For 2025, the revised forecast projects a group turnover of 1.9 billion EUR with an EBT return on sales ranging between 7.6% and 9.2%.

This strategic revision, approved by the supervisory board, echoes the flexibility and adaptability required in confronting fluctuating market dynamics. Despite these shifts, Sto remains optimistic about its performance, reaffirming its commitment to achieving a group turnover of 2.1 billion EUR and a 10% EBT return on sales by 2027, aligning with their original aims, albeit on an adjusted timeline.

The detailed financial outcomes for 2023 and an outlook for 2024 will be unveiled on April 29, 2024, as part of the company's audited consolidated financial statements. Sto SE & Co. KGaA’s adjustment of its medium-term financial forecasts underscores its proactive stance in navigating through economic uncertainties while setting sights on future growth trajectories.