Coatings maker Sto SE's half-year EBIT rises despite war-related cost pressure

STO SE & Co KGaA

31/08/2026 09:13

Overview
Germany building coatings maker's H1 2026 turnover up 3.7% to EUR 805.5 mln
EBIT for H1 2026 rose 20.6% to EUR 30.5 mln
Company maintains full-year 2026 outlook amid market uncertainty

Outlook
Sto SE & Co. KGaA maintains 2026 turnover forecast at EUR 1.62 bln
Company expects 2026 EBIT between EUR 56 mln and EUR 76 mln
Sto says geopolitical risks could drive procurement cost increases and market disruptions

Result Drivers
ADVERSE WEATHER - Co said severe frost, cold, wet conditions and intense heat restricted work on outdoor construction sites, especially in the facade segment
STRATEGIC INITIATIVES - Co said expanding market share and broad market positioning helped offset stagnation or decline in market volume in some countries
PROCUREMENT COST PRESSURE - Co said war in Iran led to price rises on procurement side and freight costs, prompting proactive inventory build-up

Company press release: ID:nEQ2YnjZ0a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Turnover
 
EUR 805.5 mln
 
H1 EBIT
 
EUR 30.5 mln
 

Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the construction supplies & fixtures peer group is "buy."
Wall Street's median 12-month price target for Sto SE & Co KgaA is €140.00, about 47.4% above its August 28 closing price of €95.00
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

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Aug 28 - Chinese building materials supplier BBMG H1 net loss widens amid weakness in cement market
Aug 28 - Building materials maker China Lesso's H1 revenue, profit fall on weak domestic demand
Aug 28 - German unemployment rises slightly less than expected in August

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)