Ströer SE & Co. KGaA : The trend remains robust despite a slightly more challenging advertising environment
>Outperform rating maintained - The group reported its Q3 results yesterday and held a conference call afterwards. The message on the advertising trend was confident, even though a slight sequential slowdown is likely in Q4 given the general context. The guidance remains very robust for OOH (high single digit growth) but we tweak our expectations for Q4 in view of the general situation. Moreover, the fall in revenues for Asam was slightly more marked than we anticipa...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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