Brief: Sto SE & Co KGaA FY Group EBIT Up 4.2% To EUR 129.7 Mln

STO SE & Co KGaA

13/04/2023 09:10

April 13 (Reuters) - STO SE & CO KGAA  STOG_p.DE :
    * GROUP SALES UP 12.4 % ON PREVIOUS YEAR TO EUR 1,787.4
MILLION
    * OUTLOOK 2023: EXCLUDING THE IMPACT OF THE RUSSIA-UKRAINE
CONFLICT, STO EXPECTS TURNOVER OF EUR 1.91 BILLION AND EBIT OF
BETWEEN EUR 118 MILLION AND EUR 143 MILLION IN THE GROUP
    * STRONG PRESSURE ON GROSS PROFIT MARGIN LEADS TO REDUCTION
IN EBT
MARGIN FROM 8.0% TO 7.2
    * FY GROUP EAT REDUCED BY 5.9 % TO EUR 89.1 MILLION COMPARED
TO
PREVIOUS YEAR
    * FY GROUP EBIT UP 4.2 % TO EUR 129.7 MILLION
    * FY  EBT UP 0.3 % TO EUR 128.3 MILLION, DESPITE ENORMOUS
PROCUREMENT PRICE INCREASES
    * CASH FLOW FROM OPERATING ACTIVITIES AMOUNTED TO EUR 95.3
MILLION
(PREVIOUS YEAR: EUR 111.4 MILLION)
    * LIMITED PREFERENCE SHAREHOLDERS WILL CONTINUE TO RECEIVE A
BASIC
DIVIDEND OF EUR 0.31 AND A SPECIAL BONUS OF EUR 4.69 PER SHARE
    * EXPECTS BUSINESS TO CONTINUE TO DEVELOP POSITIVELY WITHOUT
TAKING INTO ACCOUNT THE INFLUENCE FROM THE FURTHER COURSE OF THE
RUSSIA-UKRAINE CONFLICT AND ANTICIPATES SALES OF EUR 1.91
BILLION IN THE GROUP DESPITE THE MAJOR CHALLENGES
    * THE LIMITED ORDINARY SHAREHOLDERS ARE AGAIN TO BE PAID A
BASIC
DIVIDEND OF EUR 0.25 AND A SPECIAL BONUS OF EUR 4.69 PER SHARE
    * THE PROPOSAL FOR THE APPROPRIATION OF PROFITS STILL
REQUIRES THE
APPROVAL OF THE SUPERVISORY BOARD

Source text for Eikon:  ID:nEQ2jrYWra 
Further company coverage:  STOG_p.DE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))