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Sto consolidated turnover in the first quarter of 2015 is EUR 206.2 million, 4.6 % below the previous year

Financial figures for 2013

Stühlingen, 13 May 2015 – The consolidated turnover of Sto SE & Co. KGaA decreased by 4.6 % in the first three months of 2015 to EUR 206.2 million (previous year: EUR 216.1 million), whereby the comparative value was extraordinarily high due to the unusually mild winter of the previous year. In Germany, as a result of the weather, there was a decline of 11.5 % to EUR 86 million (previous year: EUR 97.2 million). Foreign turnover, however, increased slightly by 1.1 % to EUR 120.2 million (previous year: EUR 118.9 million). As a result, the international share of consolidated business volume rose from 55.0 % to 58.3 % compared to the same quarter in the previous year. Here, the weather-related decline in the western European countries as well as the continued difficult economic situation in individual regions are contrasted by very positive exchange rate factors.

Overall, the effects of exchange rate and consolidation factors resulted in an additional turnover of EUR 6.1 million in the reporting period, which was primarily caused by the weak Euro. In addition, initial consolidation effects also resulted in small increases. After taking these effects into account, consolidated turnover was

down 7.4 %.

The turnover in April 2015 was up compared to the previous year, but still below expectations


  • Sto consolidated turnover in the first quarter of 2015 is EUR 206.2 million, 4.6 % below the previous year
  • Due to very favourable weather conditions, the result fromt he previous year was extraordinarily good
  • The usual Q1 net loss is larger than in 2014
  • Group workforce increases from 4,951 to 5,060 employees
  • Outlook for the fiscal year unchanged: Turnover increase of 5 % to about EUR 1,270 million and EBIT from EUR 92 to 102 million expected

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