In This Article:
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Total Revenue: Increased by 7% to EUR 2.05 billion.
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Digital Out of Home Revenue Growth: Over 23% increase.
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EBITDA Adjusted: Increased from EUR 569 million to EUR 626 million.
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Net Income Adjusted: Increased from EUR 143 million to EUR 171 million, a 20% increase.
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Free Cash Flow Adjusted: Nearly doubled from EUR 81 million to EUR 158 million.
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Capital Expenditure (CapEx): Decreased by 27% to EUR 94 million.
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Organic Net Revenue Growth for Out of Home Business: 12% increase.
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Programmatic Sales Growth: Increased by 34%, representing 37% of digital sales.
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Net Debt: Increased by EUR 67 million to EUR 837 million.
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Leverage Ratio: Improved to 2.1 times.
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Statista Revenue Growth: 10% increase to EUR 164 million.
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Statista EBITDA Margin: Improved to around 13%.
Release Date: March 06, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Stroeer SE & Co KGaA (SOTDF) achieved a significant milestone by surpassing the EUR2 billion revenue mark for the first time, with a 7% increase in total revenue.
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Digital out of home (DOOH) revenue grew by over 23%, significantly boosting the group margin and demonstrating strong performance in the fastest-growing advertising category.
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EBITDA adjusted increased by 10% to EUR626 million, reflecting effective cost management and operational leverage in the core out of home segment.
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Free cash flow adjusted nearly doubled from EUR81 million to EUR158 million, driven by positive business development, lower capital expenditure, and tax expenses.
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The company has a strong order book for Q1 2025, expecting top-line growth between 13% and 14%, with digital out of home projected to grow in the mid to high-20% range.
Negative Points
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The Christmas advertising season in November and December was softer than expected, impacted by the unclear political situation in Germany.
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Classic out of home advertising experienced a decline of 6.8% in Q4, indicating challenges in the traditional advertising segment.
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The financial result decreased due to higher interest costs and currency effects, impacting overall earnings.
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Sales growth in the digital and dialogue segment was somewhat muted, with digital revenues only increasing by 4.5% in Q4.
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The Asam business faced challenges due to reduced trading and wholesale distribution in China, affecting overall segment performance.
Q & A Highlights
Q: Can you provide more details on the Q4 performance of Statista and the outlook for Q1, especially in comparison to Asam? A: Christian Schmalzl, Co-CEO, explained that while Statista's Q4 growth was slightly below 20%, they are satisfied with the overall development. For Q1, they prefer to provide guidance at the segment level due to minor quarterly deviations. Statista is expected to continue its positive trajectory into 2025, driven by restructuring efforts, AI integration, and changes in client research processes.