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 (26.12.2025):
Sto SE & Co. KGaA — full‑year 2024 results (year ended 31 December 2024): Sto reported a 6.2% decline in group turnover to EUR 1,612.3 million and a sharp fall in profitability, with EBIT down 53.5% to EUR 58.8 million and EBT down 52.2% to EUR 60.9 million. The company attributes the weak performance to a weak German construction market, lower subsidy support in key markets, adverse weather and geopolitical uncertainty; Sto implemented cost‑cutting measures and reduced headcount during the year.
Revenue
Group turnover: EUR 1,612.3m in 2024, down 6.2% vs prior year (adjusted for currency and the first‑time consolidation of Stoanz Ltd). This was broadly in line with the company’s November 2024 revised forecast (EUR 1.60bn).
Profitability
EBIT: EUR 58.8m (‑53.5% y/y); EBT: EUR 60.9m (‑52.2% y/y). Return on sales fell to 3.8% (previous year 7.4%). ROCE was 7.8% (target range achieved: 6.6–9.1%; prior year 17.1%).
Drivers of the decline
Primary drivers: continued weakness in German new‑build and refurbishment markets, reduced subsidy programmes (notably Italy and France), lower volumes in other core markets, adverse weather affecting outdoor application months, and negative earnings contributions from certain subsidiaries (Ströher Group, Skyrise Prefab, and the deconsolidated Sto Ltd UK).
Cost measures and workforce
Cost‑cutting programme enacted in H2 2024 (hiring and spending restrictions, short‑time work). Headcount reduced by 184 to 5,599 employees at 31 Dec 2024 (‑3.2% vs 2023).
Cash, balance sheet and cash flow
Cash and cash equivalents: EUR 110.9m (down from EUR 122.3m); net financial assets including cash: EUR 109.2m (prev. EUR 119.7m). Operating cash flow: EUR 90.5m (previous year EUR 170.9m). Equity ratio improved to 64.2% (from 62.6%).
Outlook for 2025
Sto expects 2025 consolidated turnover of around EUR 1.57bn. EBIT guidance: EUR 51–71m; EBT guidance: EUR 50–70m. Expected return on sales 3.1–4.5% and ROCE 6.8–9.6%. The company will continue cost measures; visibility remains limited due to macro and political uncertainties.
Management commentary
Management notes medium‑ to long‑term prospects remain good but calls for clearer, reliable regulatory and subsidy frameworks to support energy‑efficient building and residential construction investments.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
348 M
Market cap (USD)
5,373
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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