Sto SE & Co (STO3) Q4 2025 earnings summary

Executive summary

• Achieved all forecasted financial targets for 2025 despite persistent challenges in the construction sector and global uncertainties, with turnover at EUR 1,591 million, a 1.3% decrease year-over-year.

• EBIT increased by 9.5% to EUR 64.4 million and EBT by 7.2% to EUR 65.3 million, with return on sales rising to 4.1%.

• Workforce reduced by 117 to 5,482 employees worldwide as of December 2025.

• Executive Board proposes unchanged dividend plus bonus for both preference and ordinary shares.

• Supervisory Board extended CEO Rainer Hüttenberger’s contract and reappointed Désirée Konrad to the Executive Board.

Financial highlights

• Turnover: EUR 1,591 million (-1.3% YoY); Germany: EUR 645.9 million, outside Germany: EUR 945.2 million.

• EBIT: EUR 64.4 million (+9.5% YoY); EBT: EUR 65.3 million (+7.2% YoY); EAT: EUR 39.2 million (+4.3% YoY).

• Cash flow from operating activities: EUR 94.5 million (+4.4% YoY); cash and cash equivalents: EUR 114.7 million; net financial assets: EUR 113.0 million.

• Investments: EUR 44 million (-20% YoY).

• ROCE: 8.7% (up from 7.8% in 2024).

Outlook and guidance

• 2026 turnover forecast: EUR 1.62 billion; EBIT guidance: EUR 56–76 million; EBT: EUR 55–75 million.

• Return on sales (EBT): 3.3–4.7%; ROCE: 7.4–10.2%.

• Forecast assumes stable economic and geopolitical conditions.

• Q1 2026 turnover below prior year and expectations due to adverse weather.