Brief: Sto Cuts 2024 Guidance, Scraps 2025 And 2027 Goals

STO SE & Co KGaA

24/07/2024 15:38

July 24 (Reuters) - Sto SE & Co KgaA  STOG_p.DE :
    * STO ADJUSTS AND LOWERS ITS GUIDANCE ON TURNOVER AND
EARNINGS FOR
THE FISCAL YEAR 2024 AND ANNOUNCES THAT ITS COMMUNICATED
FINANCIAL MEDIUM-TERM GOALS FOR THE FISCAL YEAR 2025 AND 2027
WILL NOT BE MET
    * EXPECTS A TURNOVER IN 2024 IN APPROX. AMOUNT OF 1.66
BILLION EUR
(PREVIOUS FORECAST 1.79 BILLION EUR; 2023: 1.72 BILLION EUR)
    * EXPECTS EBIT TO AMOUNT WITHIN CORRIDOR BETWEEN 62 MILLION
EUR
AND 82 MILLION EUR (PREVIOUS FORECAST: BETWEEN 113 MILLION EUR
AND 138 MILLION EUR; 2023: 126,5 MILLION EUR)
    * 2024 RETURN ON SALES MARGIN WITH RESPECT TO EARNINGS
BEFORE
TAXES (EBT) THEREFORE SHOULD AMOUNT BETWEEN 3.8 % AND 5.0 %
(PREVIOUS FORECAST: BETWEEN 6.3 % AND 7.8 %; 2023: 7.4 %)
    * WILL NOT MEET 2025 FORECAST EITHER
    * NEW 2025 FORECAST TO BE ANNOUNCED BY APRIL 2025 BY LATEST

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

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