DGAP-News: Ströer Out-of-Home Media AG: 2012 General Meeting - Ströer lays foundations for future growth
(firmenpresse) - DGAP-News: Ströer Out-of-Home Media AG / Key word(s): AGM/EGM
Ströer Out-of-Home Media AG: 2012 General Meeting - Ströer lays
foundations for future growth
21.06.2012 / 15:32
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At today's ordinary General Meeting of Ströer Out-of-Home Media AG in
Cologne, all resolutions proposed by the Supervisory Board and the Board of
Management were adopted with approval rates of well over 90%. More than 36
million shares (or around 86.5%) of Ströer AG's capital stock were
represented at the General Meeting.
As proposed by management, the accumulated profit of approximately EUR 46m
was partially allocated to retained earnings and partially carried forward
to new account. The members of the Board of Management and the Supervisory
Board were exonerated for fiscal year 2011. Dr. Stefan Seitz was confirmed
as a member of the Supervisory Board until the 2014 General Meeting. In
accordance with the recommendation by the Supervisory Board, the General
Meeting appointed Ernst&Young GmbH, Cologne, as the auditor of the
financial statements and the consolidated financial statements for 2012.
Ströer continued on its growth path in fiscal year 2011 and improved its
revenue and earnings, primarily thanks to a strong performance in Germany.
'In 2011, we outperformed the market in Germany as one of the structural
winners in out-of-home advertising. Currently, we are in the middle of a
transformation phase and implement one of the largest infrastructure
projects in German out-of-home advertising history. A couple of temporary
impacts such as the financial crisis and sport mega-events in Europe affect
our quarterly results, but given a constant macro-situation we are
optimistic that we will continue our long-term growth process. In the next
year, we will see a significant better picture,' said Udo Müller, CEO of
Ströer Out-of-Home Media AG.
About Ströer
Ströer Out-of-Home Media AG, Cologne, together with its subsidiaries,
specializes in all forms of out-of-home advertising media, from traditional
posters and advertising at bus and tram stop shelters and on vehicles,
through to sophisticated digital out-of-home advertising media. The Group
commercializes more than 280,000 advertising faces and, with consolidated
revenue of EUR 577.1m for fiscal year 2011, is one of the leading
out-of-home advertising companies in Germany, Turkey and Poland. In terms
of revenue, Ströer is one of Europe's largest providers of out-of-home
advertising.
The acquisition of ECE flatmedia GmbH has enabled the Ströer Group to
expand its digital out-of-home media portfolio to include shopping malls.
The advertising media portfolio of the Cologne-based SDAX-listed company
thus comprises digital moving-picture networks in Germany's largest train
stations, in underground and suburban railway stations and now also in the
country's largest shopping malls.
In addition, Ströer boasts a broad offering of out-of-home advertising
products that set new standards in terms of the quality, innovation and
design of advertising media and street furniture. Ströer's street furniture
has won 27 international awards. The Ströer Group has approximately 1,700
employees at over 70 locations.
For more information on the Company, please visit www.stroeer.de.
Contact:
Press contact
Claudia Fasse
Ströer Out-of-Home Media AG
Director Group Communication
Ströer Allee 1 D-50999 Cologne
Telephone: 02236 / 96 45-246
Fax: 02236 / 96 45-6246
Email: cfasse(at)stroeer.de
IR Contact:
Stefan Hütwohl
Ströer Out-of-Home Media AG
Director Group Finance and Investor Relations
Ströer Allee 1 | D-50999 Cologne, Germany
Phone: +49 (0)2236 / 96 45-338
Fax: +49 (0)2236 / 96 45-6338
E-Mail: ir(at)stroeer.de
End of Corporate News
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21.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Ströer Out-of-Home Media AG
Ströer Allee 1
50999 Köln
Germany
Phone: +49 (0)2236.96 45 0
Fax: +49 (0)2236.96 45 299
E-mail: info(at)stroeer.com
Internet: www.stroeer.de
ISIN: DE0007493991
WKN: 749399
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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174952 21.06.2012
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Datum: 21.06.2012 - 09:32 Uhr
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