Brief: STO posts FY EBIT down 53.5% to EUR 58.8 Mln, Cuts 184 Jobs
30/04/2025 09:08
April 30 (Reuters) - STO SE & CO KGAA STOG_p.DE: DIFFICULT MARKET CONDITIONS BURDEN THE 2024 BUSINESS DEVELOPMENT DIFFICULT MARKET CONDITIONS BURDEN 2024 BUSINESS DEVELOPMENT CONSOLIDATED TURNOVER DECREASES BY 6.2 % TO EUR 1,612.3 MILLION; LOSSES IN GERMANY AND OUTSIDE OF GERMANY OUTLOOK FOR 2025: STO ANTICIPATES A GROUP TURNOVER OF EUR 1.57 BILLION AND AN EBIT OF BETWEEN EUR 51 MILLION AND EUR 71 MILLION REDUCES WORKFORCE BY 184 TO 5,599 EMPLOYEES COMPREHENSIVE COST-CUTTING PROGRAMME IMPLEMENTED FY EBIT DOWN 53.5 % TO EUR 58.8 MILLION AND EBT DOWN 52.2 % TO EUR 60.9 MILLION; RETURN ON SALES AT 3.8 % Source text: ID:nEQ49dVP7a Further company coverage: [STOG_p.DE] (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
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