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Ströer Media SE posts record-high earnings in fiscal year 2014 - Seite 2
Company went public.
"2014 was a record-setting year for Ströer. Our key financial figures show
a very positive development. We are in the process of becoming an
integrated and increasingly digital media company. The digital
transformation presents an excellent opportunity for us to significantly
advance our business," commented Udo Müller, CEO of Ströer. "The new fiscal
year has got off to a very good start and promises further profitable
growth. For the whole of 2015, we anticipate organic growth in the mid
single-digit range and operational EBITDA of between EUR 170m and EUR
180m."
The board of management and supervisory board of Ströer Media SE will
propose to the shareholder meeting on 30 June 2015 to increase the dividend
to 40 cents per qualifying share for fiscal year 2014.
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Operating segments
Ströer Germany
Revenue for the year in the Ströer Germany segment increased by 10.6% to
EUR 465.1m. In the fourth quarter, revenue grew by 11.4% to EUR 132.1m.
Operational EBITDA made a highly positive development, rising 26.1% in the
fourth quarter to EUR 47.5m. EBITDA came to EUR 118.9m for 2014 as a whole,
marking an increase of 18.4%. The EBITDA margin also improved considerably
to 36% in the fourth quarter and to 25.6% for the year overall. Revenue
growth in 2014 was primarily driven by the expansion of national and
regional sales activities. The Ströer Group's wide variety of digital and
analog products also had a strong positive impact on the revenue
development. The segment thus grew more sharply than the overall national
advertising market.
Ströer Digital
The expansion to include online advertising companies constitutes a
cornerstone of the Ströer Group's corporate strategy and is a primary
driver of growth within the Group. Annual revenue in the Digital segment
rose to EUR 122.9m, nearly double the prior-year figure. Revenue grew by
18.7% in the fourth quarter to EUR 43.5m. The sharp rise in revenue growth
is attributable to strong organic growth and a more broadly focused market
approach. Organic revenue growth came to 34.4% for 2014 as a whole and to
16.2% for the final quarter of the fiscal year. Operational EBITDA in the
Digital segment climbed to EUR 12.4m in 2014, nearly double the prior-year
figure. Operational EBITDA grew by 15.4% in the fourth quarter to EUR 6.4m.
Ströer Turkey
The Turkey segment remained stable in the face of a still-challenging
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