Stroeer SE & Co. KGaA

SAXB

Equity

ISIN US86331F1057 / Valor 53422746

Deutsche Boerse AG (2024-11-22)

EUR 11.10-0.89%

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 wide range of services and offerings. In addition to its media business, Stroeer also owns Statista, a provider of market and consumer data, and asambeauty, a producer of cosmetic products. Stroeer has expanded its portfolio to include special interest portals focusing on technology, games, and entertainment content, as well as news business through t-online, which publishes high-quality news and analyses across digital channels.

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 core Out-of-Home (OOH) advertising segment.

EBITDA and EBIT

The company's EBITDA (adjusted) saw a notable increase of 19 percent, rising from 130 million euros to 155 million euros in Q2 2024. Additionally, the EBIT (adjusted) grew by 35 percent, from 52 million euros to 72 million euros, indicating a strong operational performance.

OOH Segment Performance

Stroeer SE & Co. KGaA's OOH Media segment experienced a 21 percent increase in revenue, reaching 242 million euros in Q2 2024. This growth was supported by both Classic OOH and Digital OOH, with the latter showing a 29 percent increase, partly due to the positive advertising environment during the European Football Championship.

Digital & Dialog Media

The Digital & Dialog Media segment also performed well, with revenue increasing by 12 percent from 192 million euros to 215 million euros in Q2 2024. The growth was driven by a strong programmatic business in the Digital area and a 13 percent increase in the Dialog area.

Profitability and Outlook

Stroeer SE & Co. KGaA's profitability improved significantly, with the EBITDA (adjusted) margin for the OOH Media segment rising from 45.4 percent to 48.4 percent in Q2 2024. The company expects continued strong growth in the Digital Out-of-Home (DOOH) segment, projecting a revenue share of at least 50 percent by the end of 2026.

Summarized from source with an LLMView Source

Key figures

-11.9%1Y

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Performance

25.6%1Y

26.3%3Y

26.3%5Y

Volatility