Brief: Sto SE & Co KGaA Q1 Gross Profit Margin Improved To 50.6%

STO SE & Co KGaA

10/05/2023 09:04

May 10 (Reuters) - STO SE & CO KGAA  STOG_p.DE :
    * Q1 GROSS PROFIT MARGIN IMPROVED TO 50.6% (PREVIOUS YEAR:
49.7%),
BUT BELOW EXPECTATIONS
    * SEASONAL NEGATIVE Q1 RESULT SIGNIFICANTLY INCREASED
COMPARED TO
THE PREVIOUS YEAR
    * Q1 GROUP WORKFORCE OF 5,771 EMPLOYEES ALMOST AT PREVIOUS
YEAR'S
LEVEL
    * GROUP SALES DECREASE IN THE FIRST QUARTER OF 2023 BY 1.7%
COMPARED TO THE STRONG PRIOR-YEAR FIGURE, MAINLY DUE TO THE
WEATHER
    * OUTLOOK FOR THE FULL YEAR 2023 UNCHANGED: EXCLUDING THE
IMPACT
OF THE RUSSIA-UKRAINE CONFLICT, GROUP REVENUE OF EUR 1.91
BILLION AND EBIT BETWEEN EUR 118 MILLION AND EUR 143 MILLION
EXPECTED

Source text for Eikon:  ID:nEQ4Zdrqca 
Further company coverage:  STOG_p.DE 

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