Sto SE & Co (STO3) Q1 2025 earnings summary

Executive summary

• Turnover declined 4.6% year-over-year to EUR 324.8 million in Q1 2025, mainly due to adverse weather and weak construction sector, especially in Germany.

• Workforce reduced by 217 year-over-year to 5,587 employees, reflecting cost-cutting and restrictive hiring.

• Seasonally typical Q1 deficit increased compared to prior year, driven by lower turnover and margin pressure.

Financial highlights

• Domestic turnover fell 9.5% to EUR 123.4 million; international turnover down 1.4% to EUR 201.4 million.

• Adjusted for currency and consolidation, turnover decreased 3.8% quarter-on-quarter.

• Investments in property, plant, and equipment and intangibles totaled EUR 5.7 million, down 10.9% year-over-year.

Outlook and guidance

• 2025 full-year turnover expected at EUR 1.57 billion (vs. EUR 1.61 billion in 2024).

• EBIT forecasted between EUR 51 million and EUR 71 million (2024: EUR 58.8 million); EBT between EUR 50 million and EUR 70 million.

• Return on sales projected at 3.1%–4.5% (2024: 3.8%); ROCE expected at 6.8%–9.6% (2024: 7.8%).