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PRESS RELEASE Sto SE & Co. KGaA , Stühlingen / Germany sto Bewusst bauen . ■ ■ Turnover in the Sto Group up by 7.1 % to EUR 303.7 million in the first quarter of 2021 as compared to the same period of the previous year Q1 earnings still negative as usual , but considerably improved Number of employees rises by 72 to 5,705 , in particular due to first - time consolidations Outlook for the year of 2021 as a whole unchanged : increase in turnover of 4.5 % to around EUR 1,498 million and EBIT of between EUR 98 million and EUR 113 million expected Stühlingen , 12 May 2021 - In the first three months of 2021 , the consoli- dated turnover of Sto SE & Co. KGaA increased by 7.1 % to EUR 303.7 million as compared to the corresponding period of the previous year ( pre- vious year : EUR 283.7 million ) . Net negative currency translation effects in the amount of EUR -3.1 million , which resulted mainly from the develop- ment of the US dollar , were contrasted by a first - time consolidation effect of EUR 3.8 million from the acquisition of the remaining 50.2 % of shares of JONAS Farbenwerke GmbH & Co. KG in the first quarter . Adjusted for the first - time consolidation and the currency translation effects , Group- wide turnover saw organic growth of 6.8 % . While business in January and February was in line with expectations under normal weather conditions for the season , but still significantly below the previous year's period , which had been characterised by excep- tionally good weather , Sto saw a very positive development in the month of March . In addition to the favourable weather conditions , catch - up effects from the previous year , especially in markets outside of Germany , were also noticeable . In some countries , such as China , France , and Italy , the first effects of the coronavirus pandemic had already become apparent by Page 1 of 4