Stock Analysis

Ströer SE KGaA Full Year 2023 Earnings: EPS: €1.67 (vs €2.53 in FY 2022)

Ströer SE KGaA (ETR:SAX) Full Year 2023 Results

Key Financial Results

Revenue: €1.91b (up 8.0% from FY 2022).
Net income: €92.8m (down 35% from FY 2022).
Profit margin: 4.8% (down from 8.1% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: €1.67 (down from €2.53 in FY 2022).

revenue-and-expenses-breakdown — XTRA:SAX Revenue and Expenses Breakdown March 28th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ströer SE KGaA Earnings Insights

The primary driver behind last 12 months revenue was the Out-Of-Home Media segment contributing a total revenue of €856.4m (45% of total revenue). Notably, cost of sales worth €1.12b amounted to 58% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to €318.8m (45% of total expenses). Explore how SAX's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Media industry in Germany.

Performance of the German Media industry.

The company's shares are up 1.8% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Ströer SE KGaA that you should be aware of.

Valuation is complex, but we're helping make it simple.

Find out whether Ströer SE KGaA is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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