Sto SE & Co. KGaA Reports 4.6% Turnover Decline in Q1 2025

Sto SE & Co. KGaA, a leading manufacturer in the building coatings industry, reported a 4.6% decrease in consolidated turnover for the first quarter of 2025, totaling EUR 324.8 million. This decline, compared to EUR 340.5 million in the same period last year, was attributed to unfavorable weather and negative trends in the construction sector.

The downturn was most pronounced in Germany, where turnover plunged by 9.5% to EUR 123.4 million. Additionally, workforce reductions in Germany were noted, with 81 fewer employees compared to the previous year. This is part of broader personnel and cost-efficiency measures to counteract profit margin pressures.

The group's performance outside Germany saw a modest decline of 1.4%. Despite persistent challenges, Sto maintains its forecast for 2025, projecting a consolidated turnover of EUR 1.57 billion and EBIT between EUR 51 million and EUR 71 million.