Stroeer slips after Q3 adj EBITDA miss

Stroeer SE & Co KGaA

10/11/2022 10:23

** Shares in the German advertising company Stroeer
 SAXG.DE  fall around 2% as Q3 adjusted EBITDA misses the
expectations
    ** Stroeer's Q3 adjusted EBITDA came in at EUR 133.6 mln,
which is down by 3.7% compared to a year earlier
    ** "Expectations were rather low. Still EBITDA miss might
weigh," a local trader says
    ** The trader notes that adj. EBITDA disappointed despite
slightly better sales, adding that higher costs weighed
    ** The stock is among worst performers on the German mid-cap
index  .MDAXI 
    ($1 = 1.0033 euros)
 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))