22.02.2017
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DGAP-News: Ströer SE & Co. KGaA: Ströer continues the successful growth course in 2016 and got off to a very good start to fiscal year 2017
DGAP-News: Ströer SE & Co. KGaA / Key word(s): Miscellaneous
Ströer SE & Co. KGaA: Ströer continues the successful growth course in 2016
and got off to a very good start to fiscal year 2017 (news with additional
features)
22.02.2017 / 07:05
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
Ströer continues the successful growth course in 2016 and got off to a very
good start to fiscal year 2017
- Consolidated revenue increases substantially by 36% from EUR 824m to EUR
1.12bn
- Operational EBITDA climbs 37% from EUR 208m to EUR 285m
- Adjusted profit for the period up 46% from EUR 107m to EUR 157m
Cologne, 22 February 2017 Ströer SE & Co. KGaA is presenting excellent
results with the preliminary figures for fiscal year 2016 and confirming
its growth course. Consolidated revenue grew 36% from EUR 824m to EUR
1.12bn, with organic growth above 7%.
Operational EBITDA increased by a very substantial 37%, up from EUR 208m to
EUR 285m. Adjusted profit for the period also rose sharply, up 46% from EUR
107m to EUR 157m or EUR 2.83 per share. The good performance of the
operating business also had a positive effect on the financial position
with the free cash flow increasing by 19%, from EUR 116m to EUR 139m.
Ströer's leverage ratio of 1.2 also remained stable at almost the same
level year on year despite acquisitions and the dividend payout.
The diversification of the product mix and the extended digital portfolio
are key elements of the strategy and the successful course. The continually
growing local sales network and the growing relevance of Ströer as one of
the largest German marketers with the widest reach are also significantly
contributing to the positive development of the Ströer Group.
"Ströer has developed exceptionally well - we are reporting strong
increases in revenue and earnings - the highest in the Company's history.
Focus remains on our organic growth opportunities in the strongest growing
media segments online, mobile and out-of-home," says Udo Müller, CEO of
Ströer. "We got off to a very good start to this year and are confirming
our current guidance of Operational EBITDA of more than EUR 320m and an
expected increase in consolidated revenue of around EUR 1.3bn for 2017."
All figures for fiscal year 2016 are preliminary and unaudited. The final
results will be published when the annual report is presented on 27 March
2017.
About Ströer
Ströer SE & Co. KGaA is a leading digital multi-channel media company and
offers advertising customers individualized and fully integrated premium
communications solutions. In the field of digital media, Ströer is setting
forward-looking standards for innovation and quality in Europe and is
opening up new opportunities for targeted customer contact for its
advertisers.
The Ströer Group commercializes and operates several thousand websites in
German-speaking countries in particular and operates approximately 300,000
advertising media in the out-of-home segment. It has approximately 4,400
employees at over 70 locations. In fiscal year 2015, Ströer SE generated
revenue of EUR 824m. Ströer SE & Co. KGaA is listed in Deutsche Börse's
MDAX.
For more information on the company, please visit www.stroeer.com.
Press contact
Marc Sausen
Ströer SE & Co. KGaA
Director Corporate Communications
Ströer-Allee 1 50999 Cologne
Phone: +49 2236 / 96 45-246
Fax: +49 2236 / 96 45-6246
E-Mail: [email protected]
Investor Relations
Dafne Sanac
Ströer SE & Co. KGaA
Head of Investor Relations
Ströer Allee 1 50999 Cologne
Phone: 0049 2236 / 96 45-356
Email: [email protected]
Disclaimer
This press release contains "forward looking statements" regarding Ströer
SE & Co. KGaA ("Ströer") or the Ströer Group, including opinions, estimates
and projections regarding Ströer's or the Ströer Group's financial
position, business strategy, plans and objectives of management and future
operations. Such forward looking statements involve known and unknown
risks, uncertainties and other important factors that could cause the
actual results, performance or achievements of Ströer or the Ströer Group
to be materially different from future results, performance or achievements
expressed or implied by such forward looking statements. These forward
looking statements speak only as of the date of this press release and are
based on numerous assumptions which may or may not prove to be correct. No
representation or warranty, express or implied, is made by Ströer with
respect to the fairness, completeness, correctness, reasonableness or
accuracy of any information and opinions contained herein. The information
in this press release is subject to change without notice, it may be
incomplete or condensed, and it may not contain all material information
concerning Ströer or the Ströer Group. Ströer undertakes no obligation to
publicly update or revise any forward looking statements or other
information stated herein, whether as a result of new information, future
events or otherwise.
Contact:
Press contact:
Marc Sausen
Ströer SE & Co. KGaA
Director Corporate Communications
Ströer-Allee 1 | D-50999 Cologne
Telephone: +49 (0)2236 - 96 45-246
Fax: +49 (0)2236 - 96 45-6246
E-Mail: [email protected]
IR Contact:
Dafne Sanac
Ströer SE & Co. KGaA
Head of Investor Relations
Ströer-Allee 1 | D-50999 Cologne
Phone: +49 (0)2236 / 96 45-356
Fax: +49 (0)2236 / 96 45-6356
E-Mail: [email protected]
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Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=RRAUWQJJLJ
Document title: Ströer continues the successful growth course in 2016 and
got off to a very good start to fiscal year 2017
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22.02.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Ströer SE & Co. KGaA
Ströer Allee 1
50999 Köln
Germany
Phone: +49 (0)2236.96 45 0
Fax: +49 (0)2236.96 45 299
E-mail: [email protected]
Internet: www.stroeer.de
ISIN: DE0007493991
WKN: 749399
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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546453 22.02.2017
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