Ströer SE & Co. KGaA : Q3 publication in line, organic growth of 8.7% buoyed by content media (+17.8%!)
>Robust organic revenues (+8.7%), EBITDA in line - Ströer SE reported Q3 revenues reflecting organic growth of 8.7%, well above expectations (Oddo BHF: 8.7%, consensus: +7.2%), for revenues of € 387m which came in 1% ahead of the consensus. The group posted org. growth of +6.8% in Q1 and +8.7% in Q2. Momentum clearly came from the content media division (+17.8% org.). Following the sale of its subsidiary in Turkey, the group reported adjusted earnings with a comparabl...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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