Brief: Sto Downgrades Sales Guidance After Lower Sales In H1

STO SE & Co KGaA

22/08/2023 09:03

Aug 22 (Reuters) - Sto SE & Co KgaA  STOG_p.DE :
    * GROUP SALES DOWN 3.6% TO EUR 856.3 MILLION IN FIRST HALF
OF
2023, MAINLY DUE TO WEATHER CONDITIONS
    * H1 GROUP EBIT DOWN 9.1 % TO EUR 58.2 MILLION AND GROUP EBT
DOWN
7.9 % TO EUR 57.9 MILLION
    * SALES FORECAST FOR FULL YEAR 2023 ADJUSTED: EUR 1.76
BILLION
EXPECTED (PREVIOUS FORECAST: EUR 1.91 BILLION)
    * EARNINGS FORECAST UNCHANGED: EBIT BETWEEN EUR 118 MILLION
AND
EUR 143 MILLION PLANNED
    * CASH FLOW FROM OPERATING ACTIVITIES IMPROVED FROM EUR
-22.2
MILLION TO EUR 33.1 MILLION

Source text for Eikon:  ID:nEQ8hFj93a 
Further company coverage:  STOG_p.DE 

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