Ströer SE & Co. KGaA : The strong momentum continues for OoH in Q1
>Neutral rating reiterated - Yesterday, Stroër held a conference call after having reported its 2023 full-year earnings above forecasts with EBITDA of € 569m vs € 556m expected by ODDO BHF and € 564m by the consensus. Organic growth in Q4 came to 6.4%, higher than we expected, after +9% in Q3 2023 due mainly to strong momentum for OoH which posted organic growth of 13.6% in Q4. This is notably above the group’s guidance of 10%. The group said that the start of the yea...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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