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STO Building Lowers Outlook as Turnover Falls

By Nina Kienle

STO Building Group lowered its revenue forecast for 2023 after weather conditions and market uncertainty combined to weigh on the company’s nine-month revenue.

The German building-coatings manufacturer said Monday that it expects to make 1.71 billion euros ($1.87 billion) in revenue this year, compared with EUR1.76 billion in…

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