Ströer SE & Co. KGaA
Ströer SE & Co. KGaA: Ströer increases revenue and earnings significantly in the first six months following the acquisition of T-Online (news with additional features)
DGAP-News: Ströer SE & Co. KGaA / Key word(s): Half Year Results/Half Year Results PRESS RELEASE Ströer increases revenue and earnings significantly in the first six months following the acquisition of T-Online – Ströer reports organic growth of 8.7% – T-Online acquisition pushes H1 revenue up 38% to EUR 502.3m and operational EBITDA up 46% to EUR 114.6m – Adjusted earnings up 79% to EUR 60.6m Cologne, 11 August 2016 Ströer continued on its successful growth course in the second quarter of 2016. Revenue in the first six months was up 38.2% from EUR 363.4m to EUR 502.3m. The increase primarily stems from the acquisition of “We had an excellent first half year and our financial ratios also developed exceptionally well. We recorded a strong increase in revenue and earnings from organic growth as well as our value-enhancing acquisitions. We combine the profitability of well established businesses with the dynamics of fast-growing and young business models – paving the way for long-term and profitable growth. Our strategy is paying off,” says Udo Müller, CEO of Ströer. “Given the positive outlook, we are confirming our current guidance of EBITDA of more than EUR 280m and consolidated revenue of between EUR 1.1b and EUR 1.2b for 2016.” Operating segments Digital Out-of-Home Germany Out-of-Home International
1) Joint ventures are consolidated using the equity method – in accordance with IFRS 11 2) Joint ventures are consolidated proportionately (management approach) 3) Revenue from the Ströer Digital segment and digital OOH revenue from other segments 4) Excluding exchange rate effects and effects from the (de-)consolidation and discontinuation of operations (joint ventures are consolidated proportionately) 5) Revenue less cost of sales (joint ventures are consolidated using the equity method – in accordance with IFRS 11) 6) Earnings before interest, taxes, depreciation and amortization adjusted for exceptional items (joint ventures are consolidated proportionately) 7) Earnings before interest and taxes adjusted for exceptional items, amortization of acquired advertising concessions and impairment losses on intangible assets (joint ventures are consolidated proportionately) 8) Adjusted EBIT before non-controlling interests net of the financial result adjusted for exceptional items and the normalized tax expense (joint ventures are consolidated proportionately) 9) Adjusted profit or loss for the period net of reported non-controlling interests divided by the number of shares outstanding (55,282,499; in Q2 2015: 48,869,784) 10) Profit or loss for the period before non-controlling interests (joint ventures are consolidated using the equity method – in accordance with IFRS 11) 11) Profit or loss for the period net of reported non-controlling interests divided by the number of shares outstanding (55,282,499; in Q2 2015: 48,869,784) 12) Including cash paid for investments in property, plant and equipment and in intangible assets (joint ventures are consolidated using the equity method – in accordance with IFRS 11) 13) Cash flows from operating activities less cash flows from investing activities (joint ventures are consolidated using the equity method – in accordance with IFRS 11) 14) Financial liabilities less derivative financial instruments and cash (joint ventures are consolidated proportionately) 15) Headcount of full and part-time employees (joint ventures are consolidated proportionately) About Ströer 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 4,100 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. Press contact Investor Relations Disclaimer 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: info@stroeer.de 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: dsanac@stroeer.de Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=DCKPTXVSWK Document title: Ströer increases revenue and earnings significantly in the first six months following the acquisition of T-Online
2016-08-11 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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: | info@stroeer.com | |
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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