Sto SE & Co (STO3) Q4 2025 earnings summary

Executive summary

• Achieved all forecast figures for 2025 despite persistent challenges in the construction sector and global uncertainties.

• Consolidated turnover decreased by 1.3% to EUR 1.591 billion, slightly above forecast due to strong December performance.

• Earnings improved: EBIT up 9.5% to EUR 64.4 million, EBT up 7.2% to EUR 65.3 million, and net income up 4.3% to EUR 39.2 million year-over-year.

• 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 decreased by 1.3% year-over-year to EUR 1.591 billion; adjusted for currency and consolidation effects, turnover grew 0.5%.

• EBIT rose 9.5% to EUR 64.4 million; EBT increased 7.2% to EUR 65.3 million.

• Return on sales improved to 4.1% from 3.8% year-over-year; ROCE increased to 8.7% from 7.8%.

• Cash and cash equivalents rose to EUR 114.7 million; net financial assets at EUR 113.0 million.

• Cash flow from operating activities increased to EUR 94.5 million from EUR 90.5 million.

Outlook and guidance

• Forecasts 2026 turnover of EUR 1.62 billion and EBIT between EUR 56 million and EUR 76 million.

• EBT expected between EUR 55 million and EUR 75 million; return on sales projected at 3.3% to 4.7%.

• ROCE guidance for 2026 is 7.4% to 10.2%.

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