$STO latest update is coming

As of May 2025, Sto SE & Co. KGaA, a leading German manufacturer of building coatings and insulation systems, reported a challenging financial year for 2024. The company faced a 6.2% decline in consolidated turnover to €1.612 billion and a significant 53.5% drop in EBIT to €58.8 million. These results were attributed to a weak construction sector, particularly in Germany, Italy, and France, as well as reduced subsidies for energy-efficient building refurbishments and unfavorable weather conditions. In response, Sto implemented a cost-cutting program, reducing its global workforce by 184 employees to 5,599. Despite these challenges, the company maintains a solid financial position, with an improved equity ratio of 64.2% . 

Looking ahead, Sto anticipates a slight recovery in 2025, projecting a group turnover of €1.57 billion and an EBIT between €51 million and €71 million. The company has announced an annual dividend of €0.31 per share, payable on June 23, 2025 .  

In terms of product development, Sto Corp., the U.S. subsidiary, has introduced several new offerings to enhance its portfolio. These include the StoVentec Fiber Cement System, Sto Strike Defense for impact resistance, and a new flat sheen option for the StoColor® Acryl Plus line. Additionally, Sto has launched a fireblocking solution to meet stringent regulations and expanded its digital tools with the Sto Wall Selector .