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PSM Prosiebensat 1 Media SE News Story

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Stroeer seen down after FY outlook cut

** Shares in Stroeer SAXG.DE fall 5.9% in pre-market trade after the German advertising group cut its FY forecast, citing an impact on the advertising market from persistent geopolitical and economic uncertainties

** Stroeer now expects FY revenue and EBITDA to remain flat year-on-year, compared to its previous guidance of mid-single-digit growth

** "No complete surprise following ProsiebenSat PSMGn.DE warning, still negative," a local trader says

** The stock, which has lost 15% YTD, is seen at the bottom of Germany's mid-cap index .MDAXI

 (Reporting by Ozan Ergenay)

 ((ozan.ergenay@thomsonreuters.com))

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