STO SE & Co. KGaA

Latest Results (09.11.2025):

For the 2024 financial year, STO SE & Co. KGaA experienced significant headwinds as challenging market conditions and a weakened construction sector, particularly in Germany, led to a decline in consolidated turnover by 6.2% to EUR 1,612.3 million and a steep drop in earnings—with EBIT falling by 53.5% to EUR 58.8 million and EBT by 52.2% to EUR 60.9 million. The company implemented a cost-cutting programme, reduced its global workforce, and maintained a solid balance sheet as it outlines a cautious outlook for 2025.

Revenue Impact

STO SE & Co. KGaA’s 2024 results show a 6.2% drop in consolidated turnover to EUR 1,612.3 million, reflecting reduced sales volumes in both new construction and refurbishment sectors, as well as challenging competitive pressures in key markets like Italy and France.

Decline in Earnings

Earnings were notably impacted with EBIT declining by 53.5% to EUR 58.8 million and EBT by 52.2% to EUR 60.9 million, resulting in a return on sales of 3.8%. These figures mark a significant downturn compared to the previous year.

Cost-Cutting Measures

In response to the weaker performance, STO SE & Co. KGaA launched a comprehensive cost-cutting programme that included restrictive hiring, moderated spending, and the introduction of short-time work, leading to a workforce reduction of 184 employees compared to the end of 2023.

Financial Stability and Outlook for 2025

Despite the downturn, the company maintained a solid financial position with an improved equity ratio of 64.2% and robust net financial assets. For 2025, STO SE & Co. KGaA forecasts a consolidated turnover of approximately EUR 1.57 billion, with an expected EBIT range between EUR 51 million and EUR 71 million, underscoring cautious optimism amid persistent market uncertainty.