Sto SE & Co. KGaA Reports First Quarter Downturn Due to Weather and Market Conditions

Sto SE & Co. KGaA recorded a 1.9% decrease in consolidated turnover, reaching EUR 318.5 million in Q1 2026. This decline is attributed to unfavorable weather and a construction downturn affecting operations. The facade segment, a key revenue source, suffered due to adverse conditions in January and February, although improvement was noted in March.

Turnover outside Germany fell by 2.5%, with Western Europe showing a slight 0.6% decline. Northern/Eastern Europe saw a positive 2.4% increase, while the America/Asia/Pacific region experienced an 11.5% drop, largely due to US dollar fluctuations. Despite challenges, April showed turnover exceeding expectations.

The Sto Group workforce decreased to 5,510 by March 31, 2026. Investment activities also continued, including a major SAP S/4HANA ERP system upgrade. For 2026, Sto forecasts slight turnover growth to EUR 1.62 billion, with EBIT expected between EUR 56 and 76 million.