Economy – Cologne – Ströer has a strong start to the year: Forecast confirmed – Economy
Economy – Cologne:Ströer has a strong start to the year: Forecast confirmed
Directly from the dpa news channel
Cologne (dpa) – Thanks to a booming business with outdoor advertising, Ströer started the year with an above-average strength as planned. the same period last year rose by almost a quarter to 385 million euros compared to the first quarter, as the MDax-listed company announced on Thursday in Cologne. On its own, the plus is a little larger. Digital advertising formats in particular have been well received. “We will therefore continue to consistently expand our digital portfolio this year,” says the co-head of the outdoor advertiser, Udo Müller. At the beginning of March, the board of directors announced revenue growth of 20 to 25 percent in the first quarter.
Adjusted for special effects, earnings before interest, taxes, depreciation and amortization (Ebitda) for the first three months rose by almost 30 percent to almost 95 million euros. The bottom line is that the company also managed to jump back into the profit zone: while a loss of 9.5 million euros accumulated in the first quarter, 11 million euros are now stuck with the company. The board confirmed the forecast.
© dpa-infocom, dpa:220512-99-255310/2