Sto SE & Co. KGaA (0G5B) Q3 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. Welcome and thank you for joining the Q3 Figures 2023 of STRHR-SA. Throughout today's recorded presentation, all participants will be in listen-only mode. The presentation will be followed by the question and answer session. If you would like to ask a question, you may press star followed by one on your touch-tone telephone. Please press the star key followed by zero for operator assistance. I would now like to turn the conference over to Christian Schmalzel. Please go ahead. Dear ladies and gentlemen, dear analysts, thank you for dialing into our today's call on our Q3 2023. results as it is common practice from previous quarters i would like to share with you highlights and developments of the just ended quarter and discuss the most important strategic topics henning will then present the financials for the third quarter and the first nine months 2023 before we give you a short outlook of what we expect for the remainder of the year afterwards we are looking forward to your questions With that, let us start the call with a short overview of the key figures for the first nine months of fiscal 2023. The economic environment has not become any easier in recent months, and Germany is technically in a small recession. But from our point of view, this is mainly affecting export-oriented companies and therefore less likely to affect massively our customers and our business. Against this environment, we were able to increase our sales by 8.2% from 1.246 billion to 1.348 billion euro in the first nine months of fiscal 2023. Organic growth was with 7.9% on a similar level. Adjusted EBITDA increased by 6% from €354 million to €375 million, only slightly underproportional when compared with the strong revenue developments due to the cost increases, e...