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STO Building Lowers Outlook as Turnover Falls

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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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