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.

Ströer is confirming the preliminary results announced in February for fiscal year 2018: Annual revenue has grown by 23% from EUR 1.3b to EUR 1.6b with organic revenue growth of around 8%. Operational EBITDA increased by a very substantial 14%, up from EUR 475m to EUR 543m. Adjusted profit for the period developed very well once again, climbing 15% from EUR 173m to EUR 200m. The leverage ratio remained stable at 1.4.

Against the background of the new “Out-of-Home plus” strategy (OOH plus) and the positive business performance for the 25th consecutive quarter, which is expected to continue in the future, the board of management and the supervisory board of the Ströer Group at today’s meeting resolved to restructure the Group’s current dividend policy.