Ströer continues the successful growth course in 2016 and got off to a very good start to fiscal year 2017

Ströer SE & Co. KGaA is presenting excellent results with the preliminary figures for fiscal year 2016 and confirming its growth course. Consolidated revenue grew 36% from EUR 824m to EUR 1.12bn, with organic growth above 7%.

Operational EBITDA increased by a very substantial 37%, up from EUR 208m to EUR 285m. Adjusted profit for the period also rose sharply, up 46% from EUR 107m to EUR 157m or EUR 2.83 per share. The good performance of the operating business also had a positive effect on the financial position with the free cash flow increasing by 19%, from EUR 116m to EUR 139m. Ströer’s leverage ratio of 1.2 also remained stable at almost the same level year on year despite acquisitions and the dividend payout.

The diversification of the product mix and the extended digital portfolio are key elements of the strategy and the successful course. The continually growing local sales network and the growing relevance of Ströer as one of the largest German marketers with the widest reach are also significantly contributing to the positive development of the Ströer Group.

“Ströer has developed exceptionally well – we are reporting strong increases in revenue and earnings – the highest in the Company’s history. Focus remains on our organic growth opportunities in the strongest growing media segments online, mobile and out-of-home,” says Udo Müller, CEO of Ströer. “We got off to a very good start to this year and are confirming our current guidance of Operational EBITDA of more than EUR 320m and an expected increase in consolidated revenue of around EUR 1.3bn for 2017.”

All figures for fiscal year 2016 are preliminary and unaudited. The final results will be published when the annual report is presented on 27 March 2017.