2023 Annual General Meeting: Ströer Performing Robustly against Market Trends

The Annual General Meeting of Ströer SE & Co. KGaA held in Cologne on 05 July 2023 adopted all the resolutions put forward by the supervisory board and the management board with the required majorities. At the Annual General Meeting, approximately 49 million common shares from Ströer SE & Co. KGaA were represented, which corresponds to approximately 87 percent of the company’s share capital. ‪The company presented itself with its diversified and flexible structure within the framework of the “OOH plus” strategy – the combination of its core out-of-home (OOH) business with the complementary business areas of Digital & Dialog Media and DaaS & E-Commerce. This approach has proven to be crisis-resistant and robust, even during challenging times.

“With the strong results from the previous and current fiscal year, we have once again demonstrated the efficiency and strength of our ‘OOH plus’ strategy.” At the same time, digital outdoor advertising stands out as by far the most energy-efficient form of advertising, with significantly lower CO₂ emissions compared to other media formats in the overall media mix. Digital outdoor advertising has significantly contributed to our positive growth, as have our other areas of business,” 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.