Brief: Sto Group Adjusts FY Outlook

STO SE & Co KGaA

19/11/2020 09:08

Nov 19 (Reuters) - STO SE & CO KGAA  STOG_p.DE :
    * GROUP SALES OF STO SE & CO. KGAA ROSE IN THE FIRST NINE
MONTHS,
MAINLY DUE TO FIRST-TIME CONSOLIDATION EFFECTS, BY 1.4% TO EUR
1,083.3 MILLION
    * OUTLOOK 2020: SALES OF EUR 1,408 MILLION EXPECTED TO BE
SLIGHTLY
ABOVE PREVIOUS YEAR'S LEVEL; EBIT RANGE WILL BE INCREASED
SIGNIFICANTLY TO EUR 106 MILLION TO EUR 116 MILLION
    * 9-MONTH FOREIGN VOLUME FELL BY 4.0 % TO EUR 576.8 MILLION
(PREVIOUS YEAR: EUR 601.0 MILLION)
    * EBT) WILL PROBABLY ALSO INCREASE SIGNIFICANTLY MORE
STRONGLY
THAN EXPECTED IN 2020 TO EUR 103 MILLION TO EUR 113 MILLION
(PREVIOUS FORECAST: EUR 90 MILLION TO EUR 100 MILLION; 2019: EUR
83.1 MILLION

Source text for Eikon:  ID:nEQ4dl4z7a 
Further company coverage:  STOG_p.DE 

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