stroeer media ag (SAX) Snapshot

Ströer Media AG announced earnings results for the first quarter of 2013. For the quarter, the company reported increased its revenue by EUR 6.8 million year-on-year to EUR 125.5 million. Organic consolidated revenue grew by 5.9%, mainly due to higher revenue in Germany and Turkey - across all product groups. Operational EBITDA rose significantly by 45.6% to EUR 13.5 million, boosted by a favorable product mix and continuous cost control. Adjusted EBIT was EUR 2.5 million against adjusted LBIT of EUR 0.4 million a year ago. Adjusted loss was EUR 2.0 million or EUR 0.04 per share against EUR 6.2 million or EUR 0.13 per share a year ago. Loss was EUR 6.3 million or EUR 0.14 per share against EUR 6.2 million or EUR 0.13 per share a year ago. Free cash flow was EUR 9.0 million against free cash outflow EUR 23.9 million a year ago. As at March 31, 2013, net debt was EUR 299.6 million against EUR 302.1 million a year ago. The company provided earnings guidance for the second quarter of 2013. For the second quarter of 2013 The company expects slight growth in total organic revenue of 1%. The dynamic growth in Turkey will continue, while the revenue in Germany will be subdued and in the segment other will be decreasing.

Ströer Media AG, Q1 2013 Earnings Call, May 15, 2013

Ströer Out-of-Home Media AG reported consolidated earnings results for 2012. For the year, the company reported revenue of EUR 560.6 million compared to EUR 577.1 million a year ago. Operational EBITDA was EUR 107.0 million compared to EUR 132.3 million a year ago. Adjusted EBIT was EUR 67.4 million compared to EUR 96.3 million a year ago. Adjusted profit was EUR 24.0 million or EUR 0.54 per share compared to EUR 40.3 million or EUR 0.96 per share a year ago. Loss was EUR 1.8 million or EUR 0.07 per share compared to EUR 3.6 million or EUR 0.08 per share a year ago. Free cash flow was EUR 10.8 million compared to EUR 38.0 million a year ago. Net debt as on December 31, 2012 was EUR 302.1 million compared to EUR 304.3 million a year ago. The company’s operating result fell short of the prior year due to challenging economic conditions and weaker media markets in Ströer's core countries. For the first quarter 2013, the company expects to see a continuation of the positive momentum already witnessed in the last quarter in Turkey and Germany and thus anticipate an increase of the organic group revenue of 5%. In the second quarter the company expects to see-due to currently reluctant client bookings-a temporary halt in the slight upward trend estimated for the full-year.