STO SE & CO. KGAA


Locations: DEUTSCHLAND, GERMANY, DEUTSCHLAND, NEW ZEALAND, WELLINGTON, NEUSEELAND, AUCKLAND, CHRISTCHURCH, NEW ZEALAND, SIEMENS

EQS-News: Sto SE & Co. KGaA: Consolidated turnover down by 5.9 % in the first quarter of 2024 compared to the same period of the previous year

Retrieved on: 
Friday, May 10, 2024

An additional effect resulted from the lower number of working days in March 2024 compared to the same month in the previous year.

Key Points: 
  • An additional effect resulted from the lower number of working days in March 2024 compared to the same month in the previous year.
  • Currency translations had an overall negative impact of EUR 1.8 million on the Group in the first quarter of 2024.
  • In Germany, the Sto Group's turnover volume decreased by 7.0 % to EUR 136.3 million (previous year: EUR 146.6 million) and outside of Germany by 5.1 % to EUR 204.2 million (previous year: EUR 215.2 million).
  • In the reporting period, the deficit, which is typical for the first quarter, was higher than in the previous year.

EQS-News: Sto SE & Co. KGaA: Long-term succession for Executive Board division of Technology; Change in the Supervisory Board prepared

Retrieved on: 
Friday, May 3, 2024

Sto SE & Co. KGaA: Long-term succession for Executive Board division of Technology; Change in the Supervisory Board prepared

Key Points: 
  • Sto SE & Co. KGaA: Long-term succession for Executive Board division of Technology; Change in the Supervisory Board prepared
    The issuer is solely responsible for the content of this announcement.
  • Change in the Supervisory Board of Sto SE & Co. KGaA prepared
    Stühlingen/Germany, 18 April 2024 – As part of its long-term succession planning, the Supervisory Board of STO Management SE as the personally liable partner of Sto SE & Co. KGaA resolved to conclude an Executive Board contract with Jost Bendel.
  • The resolution to appoint Jost Bendel to the Executive Board as Jan Nissen's successor was passed in the meeting of the Supervisory Board of STO Management SE on 18 April 2024.
  • The Supervisory Board proposes Rolf Wöhrle to be appointed to the Supervisory Board of Sto SE & Co. KGaA by the General Meeting on 19 June 2024.

EQS-News: Sto SE & Co. KGaA takes over distribution partner in New Zealand

Retrieved on: 
Wednesday, April 10, 2024

Stühlingen/Germany, 14 March 2024 – Sto SE & Co. KGaA, a major international manufacturer of products and systems for building coatings, is taking over its New Zealand distribution partner Stoanz Ltd, Wellington, on 1 April 2024.

Key Points: 
  • Stühlingen/Germany, 14 March 2024 – Sto SE & Co. KGaA, a major international manufacturer of products and systems for building coatings, is taking over its New Zealand distribution partner Stoanz Ltd, Wellington, on 1 April 2024.
  • Stoanz has been Sto's exclusive distribution partner in New Zealand since 1996 and in recent years has mainly generated turnover with facade systems.
  • The takeover supports our strategic goal of further expanding Sto's international market presence," emphasises Rainer Hüttenberger, Chief Executive Officer of STO Management SE, which manages the business of Sto SE & Co. KGaA as the personally liable partner.
  • Sto SE & Co. KGaA is a major international manufacturer of products and systems for building coatings.

EQS-News: Turnover of the Sto Group down by 4.1 % to EUR 1,325.5 million in the first nine months of 2023

Retrieved on: 
Thursday, December 14, 2023

In the first nine months of 2023, Sto SE & Co. KGaA's consolidated turnover amounted to EUR 1,325.5 million and was hence down 4.1 % on the previous year (previous year: EUR 1,381.6 million).

Key Points: 
  • In the first nine months of 2023, Sto SE & Co. KGaA's consolidated turnover amounted to EUR 1,325.5 million and was hence down 4.1 % on the previous year (previous year: EUR 1,381.6 million).
  • as at the end of September (previous year: EUR 786.2 million), less currency translation effects of 1.4%.
  • In Germany, the turnover volume fell by 5.6 % year-on-year to EUR 561.8 million (previous year: EUR 595.4 million).
  • EBIT is expected to fall between EUR 118 million and EUR 143 million (2022: EUR 129.7 million) and EBT between EUR 117 million and EUR 142 million (2022: EUR 128.3 million).