Ströer SE & Co. KGaA : Solid growth in Q3, good momentum maintained in Q4
>Q3 in line with our expectations, Neutral recommendation reiterated - Stroër reported Q3 2023 results a shade above our expectations, with EBITDA of € 147.5m vs € 146m expected by ODDO BHF and € 143m by the consensus. Organic growth came to 7.9% for the first 9 months of the year, slightly above our expectation of 7%, boosted in particular by a solid Q3, which saw organic growth of 9%. The group subsequently held a conference call, during which it indicated that the ...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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