XTRA:SAXMedia
Ströer (XTRA:SAX) Stock Rebuild Meets Margin Strain Beyond Core OOH
Ströer SE KGaA went into this earnings release with its stock quietly rebuilding, up about 13.6% over the past month and sitting at €39.86 at Thursday’s close. The market has been treating it as a steady out of home advertising and digital media compounder. The latest quarter instead spotlights a pressure point. Reported net income in Q2 came in at €29.7m while adjusted net income reached €38.3m, as margin weakness in Data as a Service and e commerce clashed with the high margin out of home...