News

06/23/2016

General Meeting passes the resolution of significantly higher dividend of EUR 0.70 after extremely successful fiscal year 2015

Cologne, 23 June 2016 At today’s ordinary General Meeting of Ströer SE & Co. KGaA in Cologne, all resolutions proposed by the Supervisory Board and the Board of Management were adopted with approval rates of around 70% and above. More than 42 million shares (or more than 76%) of Ströer SE & Co. KGaA’s capital stock were represented at the General Meeting.

In line with the proposal by the Management Board and the Supervisory Board to give shareholders an adequate share in successful business development today’s General Meeting passes the resolution of paying a dividend of 0.70 Euro (previous year 0.40 Euro) per dividend-bearing share.

The actions of the members of the Management Board and the Supervisory Board were approved for fiscal year 2015. In accordance with the recommendation by the Supervisory Board, the General Meeting appointed Ernst & Young GmbH, Cologne, as the auditor of the financial statements and the consolidated financial statements for 2016.

At today’s ordinary General Meeting, Anette Bronder and Vicente Vento Bosch were reappointed as members of the Supervisory Board of Ströer SE & Co. KGaA.

All shareholder representatives were reelected as members of the Supervisory Board, which will be expanded up to 12 members: Christoph Vilanek Dirk Ströer, Ulrich Voigt, Julia Flemmerer, Anette Bronder and Vicente Vento Bosch.

After an excellent financial year 2015 and a strong start to the year 2016, Ströer presented the best result in history. The overall good business development is being primarily driven by the strong revenue growth in the Digital segment where the acquisitions made in the past months, along with organic growth, had a significant effect. This upward trend was bolstered by the continued positive development in the OOH Germany segment where business remains very robust.

Ströer recorded a very pleasing development in adjusted earnings for the financial year 2015, which rose sharply and almost doubled to EUR 106m. The result underlines the profitable growth that the company has embarked on two years ago.

The growth in operating activities also had a positive impact on the financial position. Within the space of a year, Ströer also considerably reduced its leverage ratio (net debt to Operational EBITDA) from 1.9 to 1.1, the lowest ratio since going public.

“2015 was an excellent year for Ströer and we got off to a remarkable and very positive start in fiscal year 2016. All our financial KPIs have developed exceptionally well, and all segments are contributing to this very good business performance”, says Udo Müller, CEO of Ströer. “We have succeeded in carrying this positive momentum from 2015 into the current fiscal year. We are confident that this positive momentum will continue in the second quarter and in the full year. We are confirming our current guidance of Operational EBITDA of more than EUR 280m and consolidated revenue of between EUR 1.1b and EUR 1.2b for 2016.”

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 3,800 employees at over 70 locations. In fiscal year 2015, Ströer SE generated revenue of EUR 824m. Ströer SE & Co. KGaA is listed in Deutsche Börse’s MDAX.

For more information on the Company, please visit www.stroeer.com.

Pressekontakt
Marc Sausen
Ströer SE & Co. KGaA
Leiter der Konzern-Kommunikation
Ströer-Allee 1 · D-50999 Köln
Telefon: 02236 / 96 45-246
Fax: 02236 / 96 45-6246
E-Mail: presse@stroeer.de

 

Investor Relations
Dafne Sanac
Ströer SE & Co. KGaA
Head of Investor Relations
Ströer Allee 1 · D-50999 Köln
Telefon: 02236 / 96 45-356
Fax: 02236 / 96 45-6356
E-Mail: dsanac@stroeer.de

Disclaimer

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.

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