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Sto's consolidated turnover up by 4% to EUR 927.9 million in the first three quarters of 2014

Financial figures for 2013

Stühlingen, 14 November 2014 – Sto SE & Co. KGaA, a major international manufacturer of products and systems for building coatings, recorded consolidated turnover of EUR 927.9 million in the first nine months of 2014. This amounts to a 4.0% rise compared with the prior-year figure of EUR 892.0 million. Following a very strong start to 2014, business experienced a surprisingly significant slowdown and continued to fall short of expectations over the course of the year.

Foreign turnover rose by 4.4 % to EUR 502.1 million from January to September 2014 (previous year: EUR 481.0 million), with demand varying from segment to segment. De-mand in the Western Europe segment, in particular, was appreciably down on the year in the third quarter of 2014: German-speaking regions and France were the main areas to record losses. The Northern/Eastern Europe segment continued to record slight growth in the summer months, although this became increasingly small. By contrast, the America/Asia segment benefited from a clear rise in turnover. The international share of consolidated business volume as at the end of September amounted to 54.1% (previous year: 53.9 %).

  • Sto's consolidated turnover up by 4% to EUR 927.9 million in the first three quarters of 2014
  • Significant slowdown in performance following very strong start to the year as a result of favourable weather conditions
  • Slight year-on-year fall in EBIT and net income as at end of Septem-ber
  • Global workforce increases by 4% to 5,075 employees
  • Forecast for 2014 adjusted: consolidated turnover to increase by around 2% for year as a whole, EBIT expected to total EUR 81 to 91 million

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