DGAP-News

Ströer Media SE posts record-high earnings in fiscal year 2014 - Seite 3

market environment. Operational EBITDA rose slightly to EUR 14m for the
year as a whole. The EBITDA margin rose to 16.4% in the reporting period, a
positive development that is attributable to improved cost efficiency.
Adjusted for exchange differences, the Ströer Turkey segment achieved
organic revenue growth of 3.5%, which is due to increased regional demand.
However, this was offset by the weakness of the Turkish lira against the
euro, which led to an effective decline in revenue of 9.6%. As a result,
the Ströer Turkey segment generated revenue of EUR 85.5m in fiscal year
2014.

"Other" segment
The "Other" segment includes Ströer's Polish out-of-home activities and the
western European giant poster business of the blowUP division. The segment
closed fiscal year 2014 with revenue of EUR 61.8m, an increase of 9.5%.
Operational EBITDA in particular rose considerably by 64.7% to EUR 10.6m
for the year on the whole. The EBITDA margin also recorded a sharp rise to
17.1% for the year as a whole. With strong revenue and sound operational
EBITDA performance, the blowUP division has helped to sustain this trend. A
strong increase in cost efficiency led to an improvement in Poland's
contribution to operational EBITDA. Although the Polish advertising market
remains dogged by a low level of activity, it has nonetheless stabilized
compared with the prior year.



The Group's financial figures at a glance


In EUR m 2014 2013 Change
Revenue (1) 721.1 622.0 15.9%
by segment
Ströer Germany (2) 465.1 420.6 10.6%
Ströer Turkey 85.5 94.6 -9.6%
Ströer Digital (Online) 122.9 64.4 90.8%
Other (Ströer Poland and blowup) 61.8 56.4 9.5%

by product group
Billboard (2) 322.1 288.8 11.5%
Street furniture (2) 149.5 144.9 3.1%
Transport (2) 101.9 97.7 4.3%
Digital (Online) 122.2 64.2 90.3%
Other (2) 38.0 39.2 -3.2%

Organic growth (%) (3) 11.4 3.5

Gross profit (4) 215.9 187.8 14.9%

Operational EBITDA (5) 148.1 118.0 25.5%
Operational EBITDA margin (5) (%) 20.2 18.6
Adjusted EBIT (6) 98.5 72.0 36.9%
Adjusted EBIT margin (6) (%) 13.4 11.3
Adjusted profit or loss for the period (7) 56.3 36.3 55.0%
Adjusted earnings per share (8) (EUR) 1.10 0.77 43.7%
Profit or loss for the period (9) 24.0 4.5 >100%
Earnings per share (10) (EUR) 0.44 0.08 >100%

Investments (11) 45.2 39.0 16.1%
Free cash flow (12) 65.5 4.1 >100%

31 Dec 2014 31 Dec 2013 Change
Total equity and liabilities (1) 952.0 953.6 -0.2%