DGAP-News
Ströer: Following highly successful fiscal year 2016, the annual general meeting agrees to a substantial dividend increase to EUR 1.10. - Seite 2
One particular cause for celebration was the outstanding development of adjusted profit, which rose by 46 per cent from EUR 107 million to EUR 156 million. This result underlines the profitable growth trajectory that the company has embarked upon.
The positive development in the operating business has also had a positive impact on the financial position. In spite of acquisitions and dividend payments, Ströer maintained a stable leverage ratio of 1.2, in line with the previous year's level.
"Ströer's development has been outstanding," says Udo Müller, founder and co-CEO of Ströer. "We are posting strong gains in terms of sales and profits, and we are off to an excellent start for fiscal year 2017. We will remain on this development path in the second quarter as well. We confirm our current forecast, which sets out operational EBITDA of more than EUR 320 million and Group sales of around EUR 1.3 billion for 2017."
About Ströer
Ströer SE & Co. KGaA is a leading digital multi-channel media company and offers advertising customers individualized and fully integrated premium communications solutions. In the field of
digital media, Ströer is setting forward-looking standards for innovation and quality in Europe and is opening up new opportunities for targeted customer contact for its advertisers.
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 4,600 employees at over 70 locations. In fiscal year 2016, Ströer generated revenue of EUR 1.12bn. Ströer SE & Co. KGaA is listed in Deutsche Börse's MDAX.
For more information on the company, please visit www.stroeer.com.
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Press contact Ströer Investor Relations contact Ströer
Marc Sausen Dafne Sanac
Ströer SE & Co. KGaA Ströer SE & Co. KGaA
Director Corporate Communications Head of Investor & Credit Relations
Ströer-Allee 1 50999 Cologne Ströer-Allee 1 50999 Cologne
Phone: +49 2236 / 96 45-246 Phone: +49 2236 / 96 45-356
E-Mail: presse@stroeer.de E-Mail: dsanac@stroeer.de