Ströer SE & Co. KGaA : A very good Q2 for the outdoor division, still solid on digital and dialog
>Outperform rating reiterated - Yesterday, Stroër published interim results that were in line with our forecasts, with H1 adjusted EBITDA of € 263m (vs € 259m anticipated) thanks to a very good performance from OOH (outdoor). The group held a conference call after the publication during which it indicated that H2 was set to be good. In light of this publication that was in line with our forecasts we are leaving our full-year estimates unchanged and reiterate our Outpe...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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