Ströer SE & Co. KGaA : Solid start to 2022, no change to our estimates
>Neutral recommendation reiterated, estimates broadly unchanged - Ströer reported this morning FY 2021 results in line with expectations. 2022 guidance is in line with our initial expectations. Our 2022 and 2023 forecasts remain broadly unchanged: The group held its conference call afterwards, which provided an opportunity to review the advertising outlook in Germany. We reiterate our Neutral recommendation on the stock with our target price unchanged at € 70, due to ...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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