Stroeer SE & Co. KGaA

SAX

Equity

ISIN DE0007493991 / Valor 11458764

Xetra (2024-11-22)

EUR 46.70-0.93%

Stroeer SE & Co. KGaA
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About company

Stroeer SE & Co. KGaA is a leading German media company listed on the MDAX of the German Stock Exchange. The company operates a unique business model that combines outdoor advertising, digital media, dialogue marketing, e-commerce, and digital services. Stroeer's strategy, known as OOH-plus, encompasses a diverse range of business segments, including Statista, a provider of market and consumer data, and asambeauty, a producer of cosmetic products. In addition to these services, Stroeer also offers special interest portals focusing on technology, games, and entertainment content, as well as news publishing through t-online. With a broad presence throughout Germany, Stroeer aims to provide customers with valuable information and services to support their business decisions and shopping needs.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Growth

Stroeer SE & Co. KGaA reported a significant increase in revenue for the second quarter of 2024, with a 12 percent rise from 455 million euros to 512 million euros. This growth was driven by a strong performance in their Out-of-Home (OOH) advertising segment, which saw an organic revenue growth of 22 percent.

EBITDA and EBIT Increase

The company's adjusted EBITDA for Q2 2024 increased by 19 percent, reaching 154.9 million euros, compared to 130 million euros in Q2 2023. Additionally, the adjusted EBIT saw a substantial rise of 35 percent, climbing from 51.9 million euros to 71.7 million euros, indicating a robust improvement in operational efficiency.

DOOH Segment Performance

Stroeer SE & Co. KGaA's Digital Out-of-Home (DOOH) segment continued to be a major growth driver, with a 29 percent increase in revenue from 115 million euros to 149 million euros in the first half of 2024. This growth was largely fueled by a 52 percent rise in programmatic, technology-driven bookings.

Overall Profitability

The company's overall profitability improved significantly in the second quarter of 2024. The net income for the quarter was 37.5 million euros, up from 26.9 million euros in the same period last year. The adjusted net income also saw an increase, reaching 42.3 million euros compared to 31.2 million euros in Q2 2023.

Future Outlook

Looking ahead, Stroeer SE & Co. KGaA expects continued strong growth in their DOOH segment, projecting that it will account for at least 50 percent of the segment's revenue by the end of 2026. For the third quarter of 2024, the company anticipates over 20 percent revenue growth in DOOH and around 10 percent organic growth in the overall OOH core business.

Summarized from source with an LLMView Source

Key figures

-11.5%1Y

-33.9%3Y

-34.1%5Y

Performance

21.6%1Y

27.6%3Y

31.6%5Y

Volatility