Ströer: Following successful fiscal year 2018, shareholder meeting votes in favor of an increased dividend of EUR 2.00
The shareholder meeting of Ströer SE & Co. KGaA in Cologne on June 19, 2019 passed all the resolutions proposed by the supervisory board and board of management with the required majorities. About 49 million shares of no par value in capital stock were represented at the shareholder meeting of SE & Co. KGaA, which is about 87% of capital stock.
The shareholder meeting followed the board of management’s proposal and approved a EUR 0.70 increase in the dividend payment to EUR 2.00 per qualifying share.
The members of the board of management and supervisory board were exonerated for fiscal year 2018. Following the recommendation of the supervisory board, the shareholder meeting appointed Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft Cologne as auditor of the annual and consolidated financial statements for fiscal year 2019.
Ströer presented excellent results for fiscal year 2018 and reported a very successful start to fiscal year 2019. With its “Out-of-Home plus” strategy (OOH plus) – the combination of the core OOH business and the supporting Content and Direct Media segments – Ströer is focusing on the German market and thus has a solid basis for long-term organic growth as well as high profitability. The extensive tech and content know-how from Ströer’s digital segments bolsters the digitalization of the core OOH business.
Adjusted profit for the period developed extremely well once again, climbing 19% from EUR 154m to EUR 184m and thereby underscoring the Company’s profitable growth course.
The shareholder meeting elected the shareholder representatives as members to the Supervisory Board: Christoph Vilanek, Dirk Ströer, Ulrich Voigt, Angela Barzen and Simone Thiäner.
“Ströer has put in an excellent performance. The results from the record year of 2018 and our very successful start to fiscal year 2019 show that our ‘OOH plus’ strategy is paying off and Ströer is experiencing sustainable profitable growth,” says Udo Müller, founder and Co-CEO of Ströer. “We are confirming our current guidance: For 2019 as a whole, we expect a positive sales and earnings trend in the mid single-digit percentage range and are looking forward to a strong start to the new financial year.”
This press release contains “forward looking statements” regarding Ströer SE & Co. KGaA (“Ströer”) or the Ströer Group, including opinions, estimates and projections regarding Ströer’s or the Ströer Group’s financial position, business strategy, plans and objectives of management and future operations. Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Ströer or the Ströer Group to be materially different from future results, performance or achievements expressed or implied by such forward looking statements. These forward looking statements speak only as of the date of this press release and are based on numerous assumptions which may or may not prove to be correct. No representation or warranty, express or implied, is made by Ströer with respect to the fairness, completeness, correctness, reasonableness or accuracy of any information and opinions contained herein. The information in this press release is subject to change without notice, it may be incomplete or condensed, and it may not contain all material information concerning Ströer or the Ströer Group. Ströer undertakes no obligation to publicly update or revise any forward looking statements or other information stated herein, whether as a result of new information, future events or otherwise.