Brief: Sto Group Achieves Forecast Turnover And Earnings Targets For 2023

STO SE & Co KGaA

29/04/2024 09:07

April 29 (Reuters) - STO SE & CO KGAA  STOG_p.DE :
    * THE STO GROUP ACHIEVES FORECAST TURNOVER AND EARNINGS
TARGETS
FOR 2023 IN A DIFFICULT MARKET ENVIRONMENT
    * OUTLOOK FOR 2024: STO EXPECTS A GROUP TURNOVER OF EUR 1.79
BILLION AND EBIT OF BETWEEN EUR 113 MILLION AND EUR 138 MILLION
    * CONSOLIDATED EAT DOWN BY 3.7 % TO EUR 85.8 MILLION AS
COMPARED
TO PREVIOUS YEAR
    * 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 PROPOSED
    * GROSS MARGIN RATE INCREASED TO 53.9 % (PREVIOUS YEAR: 50.7
%)
    * CONSOLIDATED EBIT DECREASES BY 2.5 % TO EUR 126.5 MILLION
AND
EBT BY 0.7 % TO EUR 127.4 MILLION
    * TURNOVER DECREASED BY 3.9 % AS COMPARED TO PREVIOUS YEAR
TO EUR
1.72 BILLION

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

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