Ströer SE & Co. KGaA: Ströer continues on a successful course in the third quarter and expects more profitable growth in 2018 (news with additional features)
Nov 10, 2017 7:16 AM
DGAP-News: Ströer SE & Co. KGaA / Key word(s): Quarterly / Interim Statement/9-month figures
Ströer continues on a successful course in the third quarter and expects more profitable growth in 2018
- Ströer anticipating consolidated revenue of EUR 1.5b and operational EBITDA of EUR 370m for 2018
- Consolidated revenue increases by 19% from EUR 766m to EUR 910m in the first three quarters of 2017
- Operational EBITDA increases by 18% from EUR 178m to EUR 209m in the first nine months of 2017
- Ströer widens its financial leeway with a note loan for EUR 350m
Ströer also successfully placed a note loan with terms of up to seven years and both fixed and variable interest on a broad base of German and international investors. Strong investor demand resulted in an increase of the originally planned volume of EUR 150m to EUR 350m. The proceeds will be used for the Group's general financing requirements and to repay the syndicated bank loan. By taking this step, Ströer has taken advantage of the favorable conditions on the capital market and has optimized its own maturity structure and further diversified its investor base.
"Ströer's performance has been excellent in the first nine months. We have posted strong increases in revenue and earnings. All segments contributed to this positive development," says Udo Müller, founder and Co-CEO of Ströer. "After a very strong third quarter, we expect a good performance for the rest of the year," adds Christian Schmalzl, Co-CEO of Ströer. "We also anticipate more profitable growth in 2018: we are projecting consolidated revenue of EUR 1.5b, organic revenue growth of 5% to 10% and operational EBITDA of EUR 370m. These figures are further indication that we are on the right track in terms of our strategy."
The OOH Germany segment reported a sharp rise in revenue once again in the third quarter of 2017, with business with both national as well as regional customers contributing to this positive development.
The OOH International segment includes the Turkish and Polish out-of-home activities and the western European giant poster business of the BlowUP group.
The Group's financial figures at a glance
Ströer SE & Co. KGaA is a leading digital multi-channel media company and offers advertising customers individualized and fully integrated, end-to-end solutions along the entire marketing and sales value chain. 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. Ströer also offers its customers comprehensive performance-based sales solutions with its own dialog marketing segment. In digital publishing, the Company publishes premium content across all digital channels, offering one of Germany's widest reaching networks with its t-online.de and special interest sites.
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 8,000 employees at over 70 locations. In fiscal year 2016, Ströer generated revenue of EUR 1.12b. Ströer SE & Co. KGaA is listed in Deutsche Börse's MDAX.
For more information on the Company, please visit www.stroeer.com.
Press contact Ströer
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.
Document title: Press Release Q3/17 Ströer SE & Co. KGaA
|Company:||Ströer SE & Co. KGaA|
|Ströer Allee 1|
|Phone:||+49 (0)2236.96 45 0|
|Fax:||+49 (0)2236.96 45 299|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|