Ströer SE & Co. KGaA : Q3 in line with our expectations, slight downward revision to our 2022 and 2023 estimates
>Q3 results in line with our expectations, Neutral recommendation reiterated - Yesterday, Stroer reported Q3 results that came in broadly in line with our expectations with EBITDA of € 134m vs € 136m forecast). The group held a conference call following the release. It expects Q4 to be stable, which is rather cautious as management indicated that October and November would be marked by growth and December would potentially be stable. The other activities remain very d...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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