Annual General Meeting 2024: Ströer continues its growth course – OOH grows faster than the market

The Annual General Meeting of Ströer SE & Co. KGaA in Cologne on 11 June 2024 adopted all resolutions proposed by the supervisory board and the management board with the required majorities. At the Annual General Meeting, approximately 45 million common shares from Ströer SE & Co. KGaA were represented, which corresponds to approximately 80 percent of the company's share capital.

At its virtual General Meeting, Ströer reaffirmed its OOH strategy. Outdoor advertising in particular, Ströer's core business, is clearly developing against the trend of the overall advertising market‪. The market share of OOH in the overall advertising market rose to a new historic high in 2023. DOOH has also established itself as one of the strongest growth drivers in the advertising market as a whole.

"The 2023 financial year was very successful for our company, and we were able to build on the previous year seamlessly with equally strong momentum in the first quarter of 2024. Outdoor advertising and DOOH in particular are by far the most energy-efficient and resource-conserving media in the overall media mix. The fact that the other business segments also made a substantial contribution to our successful development in the past financial year of 2023 confirms our OOH Plus strategy," says Christian Schmalzl, Co-CEO of Ströer.

The Annual General Meeting approved the proposal put forward by the supervisory board and the personally liable shareholder. As a result, a dividend payment of € 1.85 per eligible common share has been approved.

Disclaimer

This press release contains "forward-looking statements" regarding Ströer SE & Co. KGaA ("Ströer") or the Ströer Group, including assessments, estimates and forecasts regarding the financial position, business strategy, plans and objectives of management and the future business activities of Ströer or the Ströer Group. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may cause the results of operations, profitability, performance or achievements of Ströer or the Ströer Group to be materially different from any future results of operations, profitability, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are made as of the date of this press release and are based on numerous assumptions that may also prove to be incorrect. Ströer makes no representation and assumes no liability with respect to the fair presentation, completeness, correctness, adequacy or accuracy of the information and assessments contained herein. The information contained in this press release is subject to change without notice. It may be incomplete or abbreviated and may not contain all material information relating to Ströer or the Ströer Group. Ströer does not undertake any obligation to publicly update or revise any forward-looking statements or other information contained herein, neither as a result of new information, future events nor otherwise.