Ströer SE & Co. KGaA : Tough Q1 in Germany, as expected but recovery likely once restrictions are lifted
>Neutral rating and target price maintained - Ströer's preliminary 2020 results, reported yesterday, slightly exceeded expectations (EBITDA of € 465m vs our € 448m forecast). The conference call at 11 was an opportunity to fine-tune the Q1 outlook. The group expects a tough start to the year in outdoor communication. This makes sense in view of the ongoing lockdown in Germany which is due to be lifted at the end of March. Q1 is therefore likely to finish on a better ...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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