Ströer SE & Co. KGaA: Ströer announces its first guidance for 2017 and confirms guidance for 2016 as well as dividend policy

Sep 26, 2016 8:04 AM

Ströer SE & Co. KGaA  / Key word(s): Forecast

26.09.2016 08:04

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Ströer announces its first guidance for 2017 and confirms guidance for 2016
as well as dividend policy

For 2017, the Board of Management of Ströer SE & Co. KGaA is forecasting
revenue between EUR 1.2b to 1.3b based on organic revenue growth in the mid
to high single-digit percentage range. Operational EBITDA of over EUR 320m
is projected for 2017, also net of any contributions from future
After a very successful first half of 2016 which saw adjusted profit for
the period already climb from EUR 34m to EUR 61m, and against the
background of the continued positive business in the second half of 2016,
the Board of Management is forecasting overall adjusted net profit for the
period to grow from EUR 106m to more than EUR 150m. At the same time, the
Board of Management now expects organic revenue growth for 2016 to be at
the upper end of the previous guidance of mid to high single-digit
percentage growth. In addition, the Board of Management is confirming the
revenue guidance for 2016 of an expected EUR 1.15b as well as the guidance
of operational EBITDA of over EUR 280m and free cash flow of over EUR 135m
after investments.
Given the positive business development, the Board of Management is
confirming an unchanged dividend policy for the coming years with a
dividend payout ratio of between 25% and 50% (prior year: 36%), despite the
continued high level of investment.
Due to the expected ongoing increase in adjusted net profit, the Board of
Management also expects the dividend per share for 2016 to increase
significantly by around 40% to an unprecedented EUR 1.

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

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  

26.09.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at

Language:     English
Company:      Ströer SE & Co. KGaA
              Ströer Allee 1
              50999 Köln
Phone:        +49 (0)2236.96 45 0
Fax:          +49 (0)2236.96 45 299
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 Announcement                             DGAP News-Service