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Stroeer SE & Co KgaA
XMUN:SAX

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Stroeer SE & Co KgaA
XMUN:SAX
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Price: 34.84 EUR 1.46% Market Closed
Market Cap: €1.9B

Stroeer SE & Co KgaA
Investor Relations

Stroeer SE & Co KGaA is a German media company best known for outdoor advertising. It sells ad space on billboards, street furniture, transit shelters, posters, and digital screens in public places, helping brands reach people when they are on the move. It also runs digital advertising businesses, including websites and online ad products, and provides direct marketing services. Its main customers are advertisers and media buyers, ranging from big consumer brands and local businesses to agencies that plan campaigns for those clients. Stroeer makes money by selling advertising inventory, renting space on its outdoor networks, and charging for digital and direct marketing services. In practice, it sits between advertisers and the public: it owns or controls the places where ads are shown, then sells that access to companies that want broad, location-based reach. What makes the business different is that it combines classic out-of-home advertising with digital media and data-driven ad products. That mix lets it offer both mass visibility in the real world and targeted campaigns online, which is useful for advertisers that want one partner across several channels. The company’s role is less about making content and more about selling attention in public spaces and on media properties it controls.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 12, 2026
AI Summary
Q1 2026

Revenue: Stroer reported Q1 revenue of EUR 495.6 million, up 1.1% organically and 4% reported, with Out-of-Home and Digital/Dialog offsetting weakness in Data as a Service and E-Commerce.

Profitability: Adjusted EBITDA was EUR 119.3 million, essentially flat year over year, while adjusted EBIT rose 5% to EUR 41.7 million and adjusted net income increased 9% to EUR 17.6 million.

Cash flow: Adjusted free cash flow improved sharply to minus EUR 9.7 million from minus EUR 35.1 million a year ago, helped by a much better working-capital outflow.

Out-of-Home strength: Out-of-Home revenue grew 5.4%, led by 12% growth in Digital Out-of-Home; management said national sales were the main driver and named FMCG, retail, food retail, telecom and services as strong categories.

Guidance: Management kept its outlook unchanged, expecting Q2 growth in Out-of-Home and Digital/Dialog to be around Q1 levels and only a single-digit revenue decline in Data as a Service and E-Commerce.

Strategic focus: Management said the company is in a transformation phase, expects more restructuring costs this year, and plans a June 17 strategy session on AI and reorganization rather than financial targets.

CEO stance: Udo Müller dismissed takeover rumors and said he has no intention of stepping away from the CEO role in the foreseeable future.

Key Financials
Revenue
EUR 495.6 million
Adjusted EBITDA
EUR 119.3 million
Adjusted EBIT
EUR 41.7 million
Adjusted net income
EUR 17.6 million
Adjusted free cash flow
minus EUR 9.7 million
CapEx before M&A
EUR 16.5 million
Net debt
EUR 881 million
Leverage ratio
2.33x
Out-of-Home revenue
EUR 220 million
Out-of-Home revenue growth
5.4%
Out-of-Home adjusted EBITDA
EUR 97 million
Out-of-Home adjusted EBITDA margin
nearly 44%
Digital and Dialog revenue
EUR 231 million
Digital and Dialog revenue growth
12%
Digital segment revenue
EUR 95 million
Digital segment adjusted EBITDA
EUR 27 million
Data as a Service and E-Commerce revenue
EUR 79 million
Data as a Service and E-Commerce adjusted EBITDA
EUR 6 million
Exceptional items
EUR 9.2 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Udo Müller MBA
Founder, Chairman of Management Board & Co-CEO
No Bio Available
Mr. Christian Schmalzl
Co-CEO & Member of Management Board
No Bio Available
Mr. Henning Gieseke
CFO & Member of Management Board
No Bio Available
Ms. Simone Kollmann-Gobels
Senior VP of Purchasing & Real Estate and Employee Representative Member of Supervisory Board
No Bio Available
Mr. Christoph Loehrke
Head of Investor & Credit Relations
No Bio Available
Ms. Anne Ossenberg
Head of Legal Department
No Bio Available
Marc Sausen
Director of Corporate Communications
No Bio Available
Ms. Birgit Ossendorf-Will
HR Director
No Bio Available

Contacts

Address
NORDRHEIN-WESTFALEN
Cologne
Stroeer Allee 1
Contacts
+4922369645246.0
www.stroeer.com
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