Brief: Stroeer Sees Higher Sales In Q1 After EBITDA Growth In 2023

Stroeer SE & Co KGaA

05/03/2024 06:04

March 5 (Reuters) - Stroeer SE & Co KgaA  SAXG.DE :
    * ACHIEVES RECORD SALES IN THE 2023 FINANCIAL YEAR AND
EXPECTS
STRONG Q1 WITH UP TO 15 PERCENT GROWTH FOR OOH
    * FY GROUP SALES IN 2023 GROW BY EIGHT PERCENT TO 1.91
BILLION
EUROS AND THUS AT A RECORD LEVEL
    * FY FREE CASH FLOW (ADJUSTED) GROWS BY 60 PERCENT AND
EBITDA
(ADJUSTED) GROWS BY FIVE PERCENT TO EUR 569 MILLION
    * FULL-YEAR DYNAMICS (ORGANIC) EXPECTED TO BE SIGNIFICANTLY
HIGHER
THAN THE PREVIOUS YEAR (2023)
    * FY EBITDA (ADJUSTED) GREW BY FIVE PERCENT FROM 541 MILLION
EUROS
TO 569 MILLION EUROS
    * SIGNIFICANTLY ACCELERATED SALES GROWTH OF UP TO 15 PERCENT
(ORGANIC) EXPECTED IN THE FIRST QUARTER OF 2024

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