Ströer SE & Co KGaA is continuing on the sustainable growth course of the past fiscal years and is presenting record profit once again in its quarterly statement Q1/2019.

Against the background of the “Out-of-Home plus“ strategy (OOH plus), Ströer is continuing to focus on its core business and today sold its stake the Nordic company Conexus, which it had acquired in 2015. After selling Foodist and the mobile performance company business, Conexus is now the third successful sale of investments no longer belonging to its core business in this year. The three companies generated total annual revenue of approximately EUR 50 m and operational EBITDA of around EUR 5 m.

Dr. Christian Baier, 39, will take up the position of Chief Financial Officer (CFO) of the Ströer Group as of 1 August 2019, joining the board of management alongside the Co-CEOs Udo Müller and Christian Schmalzl.