Ströer SE & Co. KGaA : Q1 in line, recovery in Q2
>Neutral recommendation reiterated - Ströer released its Q1 results yesterday morning, which were in line with forecasts, and followed up with a conference call. Concerning outdoor advertising, after a challenging Q1 (-15% organic), the group said that Q2 had seen a sharp recovery. Our forecasts are unchanged following this release. The group’s other operations are in robust shape, notably Statista and Asam. This is very encouraging given the prospect of a potential...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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