Brief: STO SE & CO Says H1 Group EBIT Down By 49.7% At EUR 29.3 Mln

STO SE & Co KGaA

29/08/2024 09:09

Aug 29 (Reuters) - Sto SE & Co KgaA  STOG_p.DE :
    * EQS-NEWS: GROUP SALES FALL BY 7.1 % TO EUR 795.7 MILLION
IN THE
FIRST HALF OF 2024
    * STO SE & CO KGAA - GROUP EBIT DECREASES BY 49.7 % TO EUR
29.3
MILLION AND EBT BY 47.7 % TO EUR 30.3 MILLION
    * STO SE & CO KGAA - EBT RETURN ON SALES DECREASES FROM 6.8
% TO
3.8 %
    * STO SE & CO KGAA - GROUP SALES FALL BY 7.1% TO EUR 795.7
MILLION
IN H1 2024
    * STO SE & CO KGAA - FORECAST FOR 2024 AS A WHOLE ADJUSTED
SIGNIFICANTLY DOWNWARDS: TURNOVER EXPECTED TO BE EUR 1.66
BILLION, EBIT IN RANGE OF EUR 62 TO 82 MILLION AND EBT BETWEEN
EUR 63 AND 83 MILLION
    * STO SE & CO KGAA - EQUITY RATIO REMAINED VERY SOLID AT
60.9 %
(31 DECEMBER 2023: 62.6 %)
    * STO SE & CO KGAA - CASH FLOW FROM OPERATING ACTIVITIES OF
EUR
-4.9 MILLION (PREVIOUS YEAR: EUR +33.1 MILLION)
    * TARGETS FOR 2025 WILL NOT BE ACHIEVED FROM TODAY'S
PERSPECTIVE
    * MEDIUM-TERM TARGETS FOR 2027 (TURNOVER: EUR 2.1 BLN;
RETURN ON
SALES IN RELATION TO EBT: 10 %) UNLIKELY TO BE ACHIEVED

Source text for Eikon:  ID:nEQ8L1GpGa 
Further company coverage:  STOG_p.DE 

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