Brief: Sto & Co Turnover Forecast For 2023 Adjusted To EUR 1.71 Bln

STO SE & Co KGaA

20/11/2023 09:06

Nov 20 (Reuters) - STO SE & CO KGAA  STOG_p.DE :
    * TURNOVER OF STO GROUP DOWN BY 4.1 % TO EUR 1,325.5 MILLION
IN
FIRST NINE MONTHS OF 2023
    * TURNOVER FORECAST FOR 2023 AS A WHOLE ADJUSTED TO EUR 1.71
BILLION (PREVIOUS FORECAST: EUR 1.76 BILLION)
    * CONSOLIDATED EARNINGS (EBT) BELOW PREVIOUS YEAR
    * AS AT END OF SEPTEMBER, NUMBER OF EMPLOYEES IN GROUP UP BY
64 TO
5,903
    * OUTLOOK 2023: EARNINGS FORECAST UNCHANGED
    * IN OCTOBER, GROUP TURNOVER WAS SLIGHTLY UP ON PREVIOUS
YEAR, BUT
REMAINED BELOW EXPECTATIONS
    * AS AT END OF SEPTEMBER, GROUP SUCCEEDED IN FURTHER
STABILISING
GROSS MARGIN RATE TO 53.3 %

Source text for Eikon:  ID:nEQ9xNPtka 
Further company coverage:  STOG_p.DE 

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