Q1 2026 Stroeer SE & Co KgaA Earnings Call Transcript
Key Points
- Stroeer SE & Co KGaA (SOTDY) reported a 5.4% increase in revenue for the out-of-home media segment in Q1 2026.
- Digital out-of-home revenue grew by 12%, driven by the launch of the flagship billboard, The Whale, at Hamburg main station.
- The services division experienced a significant growth of nearly 17%, attributed to newly acquired clients.
- Adjusted EBITDA for the company increased by 12% on a comparable basis, with margins improving from 41% to nearly 44%.
- The Digital and Dialog segment saw a 12% revenue increase, with the Dialogue division achieving over 8% organic growth.
- Reported EBITDA decreased by 4% from EUR115 million to EUR110 million compared to Q1 2025.
- Net income for the quarter dropped to EUR9 million from EUR13 million in Q1 2025.
- The company's leverage ratio increased slightly to 2.33 times from 2.18 times in the prior-year period.
- The Data as a Service and e-commerce segment experienced a revenue decline, with a 14% drop in the online business.
- Statista's strategy and consulting business sale, along with a weak US dollar, negatively impacted the Data as a Service segment.
(audio in progress) -- reported growth includes a net scope effect of the acquisition of AMEVIDA in October last year, offset by minus 40 basis points on the disposal of the Statista Strategy Unit at the beginning of this year and a currency headwind of 50 basis points -- minus 50 basis points, primarily US dollar-related at Statista.
Excluding these effects, organic growth came in at 1.1%. EBITDA adjusted amounted to EUR119 million, EUR2 million or 2% higher. Compared with Q1 '25. The exceptions items for the quarter were minus EUR9.2 million after minus EUR2.5 million in the prior year, mainly due to restructuring measures.
Accordingly, reported EBITDA was down by 4% from EUR115 million to EUR110 million. Depreciation and amortization were basically unchanged with EUR80 million compared to EUR81 million in Q1 '25. With that, reported EBIT for the quarter came in at EUR30 million, some EUR4 million lower compared with Q1 '25. The financial result was minus EUR17 million up to EUR15
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