Ströer SE & Co. KGaA : Limited impact of COVID-19 on Q1 2020; sharp contraction in Q2 expected, unsurprisingly
>Organic growth of +6% in Q1 - Yesterday, Ströer reported its Q1 2020 results, with sales up +5% to € 368.2m, ahead of estimates (ODDO BHF: € 360.9m, consensus: € 356.7m). Q1 organic growth came in at +6% after +7.2% in Q1 2019 (consensus estimate: +5.4%). Over the quarter, the group posted adjusted EBITDA of € 123.6m (ODDO BHF: € 115.9m, consensus: € 122.1m) and a stable operating margin of 33.6% (vs 33.5% in Q1 2019). Unsurprisingly, the start of the quarter was rob...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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