News

Ströer SE & Co. KGaA / Key word(s): Forecast
26.09.2016 08:04

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ströer announces its first guidance for 2017 and confirms guidance for 2016 as well as dividend policy

For 2017, the Board of Management of Ströer SE & Co. KGaA is forecasting revenue between EUR 1.2b to 1.3b based on organic revenue growth in the mid to high single-digit percentage range. Operational EBITDA of over EUR 320m is projected for 2017, also net of any contributions from future acquisitions.
After a very successful first half of 2016 which saw adjusted profit for the period already climb from EUR 34m to EUR 61m, and against the background of the continued positive business in the second half of 2016, the Board of Management is forecasting overall adjusted net profit for the period to grow from EUR 106m to more than EUR 150m. At the same time, the Board of Management now expects organic revenue growth for 2016 to be at the upper end of the previous guidance of mid to high single-digit percentage growth. In addition, the Board of Management is confirming the revenue guidance for 2016 of an expected EUR 1.15b as well as the guidance of operational EBITDA of over EUR 280m and free cash flow of over EUR 135m after investments.
Given the positive business development, the Board of Management is confirming an unchanged dividend policy for the coming years with a dividend payout ratio of between 25% and 50% (prior year: 36%), despite the continued high level of investment.
Due to the expected ongoing increase in adjusted net profit, the Board of Management also expects the dividend per share for 2016 to increase significantly by around 40% to an unprecedented EUR 1.



Contact:
Press contact: 
Marc Sausen
Ströer SE & Co. KGaA 
Director Corporate Communications
Ströer-Allee 1 | D-50999 Cologne
Telephone: +49 (0)2236 - 96 45-246
Fax: +49 (0)2236 - 96 45-6246
E-Mail: info@stroeer.de

IR Contact: 
Dafne Sanac
Ströer SE & Co. KGaA 
Head of Investor Relations 
Ströer-Allee 1 | D-50999 Cologne 
Phone: +49 (0)2236 / 96 45-356  
Fax: +49 (0)2236 / 96 45-6356  
E-Mail: dsanac@stroeer.de


26.09.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language:     English
Company:      Ströer SE & Co. KGaA
              Ströer Allee 1
              50999 Köln
              Germany
Phone:        +49 (0)2236.96 45 0
Fax:          +49 (0)2236.96 45 299
E-mail:       info@stroeer.com
Internet:     www.stroeer.de
ISIN:         DE0007493991
WKN:          749399
Indices:      MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,               Stuttgart, Tradegate Exchange
 
End of Announcement DGAP News-Service  

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