STO SE & Co. KGaA
STO3
ISIN DE0007274136 / Valor 348930
STO SE & Co. KGaA
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About company
STO SE & Co. KGaA is a globally recognized leader in the construction materials sector, specializing in the manufacturing and distribution of products and systems for building coatings. Founded in 1955 and headquartered in Stühlingen, Germany, the company has established a strong international presence across 37 countries with 50 subsidiaries. STO is renowned for its expertise in thermal insulation composite systems, making it the world market leader in this segment. In addition to insulation, its extensive product range includes paints, plasters, lacquers, ventilated facade systems, acoustic systems, and more. With a workforce of over 5,700 employees, STO generated a revenue of €1.787 billion in 2022, underscoring its significant role in the construction industry. The company's commitment to innovation and quality has positioned it as a key player in providing durable and efficient solutions for both exterior and interior building applications.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (06.05.2026):
Sto SE & Co. KGaA — results for the third quarter of 2024 (interim report covering 1 Jan–30 Sep 2024): consolidated turnover for the first nine months totalled EUR 1,237.4m, a decline of 6.6% versus the prior year; earnings were materially below 2023 and the company has downgraded its full‑year guidance amid weak construction markets and geopolitical uncertainty.
Turnover (first 9 months)
Group turnover: EUR 1,237.4m (‑6.6% vs. 30 Sep 2023). Germany: EUR 507.2m (‑9.7%); outside Germany: EUR 730.2m (‑4.4%).
Performance by segment
Western Europe (incl. Germany) EUR 955.0m (‑8.1%); Northern/Eastern Europe EUR 123.5m (‑4.6%); America/Asia/Pacific EUR 158.9m (+1.1%).
Earnings and full‑year guidance
Consolidated earnings in Q3 and the nine‑month period were “well below” last year. 2024 guidance revised: expected consolidated turnover ≈ EUR 1.60bn (previously EUR 1.66bn), EBIT EUR 50–68m (previously EUR 62–82m; 2023: EUR 126.5m), EBT EUR 52–70m (2023: EUR 127.4m).
Profitability and capital structure
Return on sales (EBT) now expected 3.2–4.4%; ROCE forecast 6.6–9.1%. Equity ratio remains strong at 61.6% (30 Sep 2024).
Investments and workforce
Investments (PPE & intangibles) EUR 23.0m (‑10.5% vs. prior year). Employees at 30 Sep 2024: 5,787 (‑116 vs. 30 Sep 2023), slight net increase vs year‑end 2023.
Currency, M&A and one‑offs
Currency translation had a net negative effect of EUR 3.2m (notably TRY and CLP); positive impact of first‑time consolidation of Stoanz (New Zealand) of EUR 2.5m (acquired 1 Apr 2024).
Market environment and risks
Weak residential construction, lower subsidies (notably Italy and France), China property weakness and geopolitical risks depressed demand; German construction sentiment particularly weak. Company notes no identifiable single risk likely to cause permanent material harm but downside remains high.
Management response
Sto launched a comprehensive Group‑wide cost‑reduction programme; management expects the declining trend to continue in Q4 and has adjusted the outlook accordingly.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
288 M
Market cap (USD)
1,763
Daily traded volume (Shares)
107 / 105.2
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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