Sto SE & Co (STO3) investor relations material

Executive summary

• Group turnover for 2024 declined by 6.2% to EUR 1,612.3 million, with both Germany and international markets affected by difficult conditions.

• EBIT dropped 53.5% to EUR 58.8 million and EBT fell 52.2% to EUR 60.9 million, reflecting significant earnings pressure.

• Workforce was reduced by 184 to 5,599 employees in 2024, with further reductions in 2025, totaling a decrease of 212 employees year-over-year by Q3 2025.

• Cost-cutting measures and restrictive spending policies were implemented to address the challenging environment.

Financial highlights

• 2024 consolidated turnover: EUR 1,612.3 million (-6.2% year-over-year); first nine months of 2025 turnover: EUR 1,218.5 million (-1.5% year-over-year).

• EBIT: EUR 58.8 million (-53.5% year-over-year); EBT: EUR 60.9 million (-52.2% year-over-year).

• Earnings per limited ordinary share: EUR 5.83 (-56.4% year-over-year).

• Cash flow from operating activities: EUR 90.5 million (down from EUR 170.9 million in 2023).

• Investments (excluding financial assets and IFRS 16) rose by 30% to EUR 29.9 million in the first nine months of 2025.

Outlook and guidance

• 2025 forecast: turnover of EUR 1.57 billion and EBIT between EUR 51 million and EUR 71 million.

• EBT expected between EUR 50 million and EUR 70 million; return on sales (EBT) projected at 3.1–4.5%; ROCE between 6.8% and 9.6%.

• Guidance assumes stable economic and weather conditions, with no major geopolitical disruptions.