Ströer SE & Co. KGaA : H1 2023 in line with our forecasts, no change to our estimates
>Neutral rating reiterated - Yesterday, Stroër published its interim results which were in line with our forecasts, with H1 adjusted EBITDA of € 227m (vs € 228m anticipated) thanks to a good performance from Statista and Asam but also from OoH Media. The group held a conference call after the publication during which it indicated that H2 was proving relatively resilient. In light of this publication in line with our forecasts we are leaving our full-year estimates unc...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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