STO SE & Co. KGaA

STO3

Equity

ISIN DE0007274136 / Valor 348930

Xetra (2026-04-02)

EUR 110.00+0.18%

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: Industrials

Key figures (FY 2024)

Turnover: EUR 1,612.3m (‑6.2% vs. FY 2023 EUR 1,718m). EBIT: EUR 58.8m (‑53.5% vs. EUR 126.5m). EBT: EUR 60.9m (‑52.2% vs. EUR 127.4m). Return on sales: 3.8% (FY 2023: 7.4%). ROCE achieved: 7.8% (FY 2023: 17.1%).

Drivers and one‑offs

Weak German construction market, reduced subsidy programmes for energy‑efficient refurbishments, poor weather for outdoor application months, and negative developments at Ströher (Germany), Skyrise Prefab (Canada) and Sto Ltd (UK, deconsolidated Dec 2024) weighed on results. Currency translation effects were roughly offset by first‑time consolidation of Stoanz Ltd (New Zealand) from 1 Apr 2024.

Liquidity and balance sheet

Equity ratio improved to 64.2% (from 62.6%). Cash and cash equivalents: EUR 110.9m (down from EUR 122.3m). Net financial assets: EUR 109.2m (previous: EUR 119.7m). Cash flow from operating activities: EUR 90.5m (previous: EUR 170.9m).

Cost measures & workforce

Sto launched a comprehensive cost‑cutting programme (restrictive hiring/spending, short‑time work) in H2 2024; workforce reduced by 184 to 5,599 employees (‑3.2% vs. 31 Dec 2023).

Q1 2025 update and 2025 outlook

Q1 2025 turnover was below the prior year but above expectations; seasonality and margin pressure persisted. 2025 guidance: consolidated turnover ~EUR 1.57bn; EBIT EUR 51–71m; EBT EUR 50–70m; return on sales 3.1–4.5%; ROCE forecast 6.8–9.6%. Cost measures will continue to support profitability.

Investor takeaway

Sto SE & Co. KGaA's full‑year 2024 shows clear near‑term pressure on sales and margins but a solid balance sheet and active cost management; the company met its revised guidance and provides cautious 2025 targets while risks from macro, subsidy policy and geopolitical uncertainty remain material.

Summarized from source with an LLMView Source

Key figures

-11.3%1Y

-35.5%3Y

-30.1%5Y

Performance

31.6%1Y

34.1%3Y

35.3%5Y

Volatility