Sto SE & Co. KGaA Reduces Dividend Distribution

Sto SE & Co. KGaA has announced a plan to reduce dividend payouts to shareholders. The decision follows expectations of lower sales and earnings, as indicated in forecasts for 2024. The basic dividend remains at last year's level, but the bonus will decrease. Preference shareholders will receive EUR 3.31 per share, down from EUR 5.00, while ordinary shareholders will get EUR 3.25, reduced from EUR 4.94. This resolution awaits approval at the Annual General Meeting scheduled for June 18, 2025.

Additionally, Sto SE & Co. KGaA has decided not to issue a medium-term forecast beyond one year due to volatile economic conditions, particularly affecting the construction industry. The audited consolidated annual financial statement for 2024 will be published on April 30, 2025, with the 2025 outlook following.