Ströer SE & Co. KGaA : Good Q4 results (mainly from out-of-home business), EBITDA 5% above the consensus and 2019 guidance in line
>Solid organic growth in Q4 (+6.8%) and EBITDA 5% higher than the consensus - Ströer SE has reported preliminary FY results, adjusted for the deconsolidation of the Turkish subsidiary sold last year. Organic growth in Q4 came in at 6.8% (we were expecting 6.4%), on revenues of € 470m, in line with the consensus. After +8.7% in Q3 and Q2, momentum continued, particularly in the long-standing out-of-home division (+8.3% organic vs our forecast of +4.9%) which was the fo...Stroeer SE & Co KGaA. Stroeer SE & Co KGaA is a Germany-based digital multi-channel media company and provider of out-of-home (OOH) and online advertising. The Company operates through three segments: Content Media, Direct Media and OOH Media. The Content Media segment includes display and video advertising, as well as digital marketing services. The Direct Media segment comprises dialog marketing and transactional product groups. The services include direct sales and non-voice channels, such as social media and chat, among others. The OOH Media segment covers activities related to large-format advertising, street furniture and advertising on public transport, and includes the giant poster business BlowUP and the online platform for booking of regional out-of-home campaigns, stroeer-direkt.de, among others.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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