Ströer SE & Co. KGaA : OOH+ strategy beginning to pay off. Robust Q1 organic growth of 7.2% (cons. 6.2%) and solid guidance for Q2 at ~7% (ODDO BHF 6.4%)
>Robust organic sales growth in Q1 (+7.2%), EBITDA 3% above cons. - Ströer has published a good set of Q1 results, with sales up 14% to € 374m (in line with our forecasts and the consensus: € 372m) and above all organic growth of 7.2% after 6.8% in Q4 (ODDO BHF: +8.1%, but 6.2% for the consensus). Operational EBITDA was € 117.5m, i.e. 3% above forecasts (cons: € 114m) with a margin of 31.4% (-1.4 points).By division, the outdoor advertising activity reported gro...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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