Ströer Explained

Ströer SE & Co. KGaA
Type:SE & Co. KGaA
Hq Location City:Cologne, Germany
Num Employees:13,000
Num Employees Year:2019
Revenue:1,600 million EUR
Revenue Year:2019
Industry:Mass media, out-of-home advertising

Ströer SE & Co. KGaA is a German out-of-home advertising, online advertising, billboards and street furniture company with headquarters in Cologne.

Markets

Ströer SE & Co. KGaA is a out-of-home advertising, online advertising, billboards and street furniture company with headquartered in Cologne. Aside from Germany, the company's core markets are Poland, Spain, the Netherlands, Belgium and the United Kingdom.[1] The publicly traded company is listed in the SDAX and the Prime Standard segment of the Frankfurter Börse.[2] In 2019, the revenue was 1.6 billion euro.[3]

In 2016 Ströer operated around 4000 video screens in public places, which reached an estimated 30 million people each month.[4]

Acquisitions

In 2014, Ströer acquired the brand GIGA Television, which continues to run it with the former founders.

In November 2015, Ströer acquired T-Online's (Germany's biggest Internet service provider) online portal,[5] and in December 2015, Ströer acquired a 78.8% stake in Statista for €57 million.[6] Ströer acquired the remaining stake in Statista in 2019.[7]

In 2016, Ströer acquired StayFriends from United Online. StayFriends is now officially run by Ströer's T-Online.[8] [9]

Criticism

Advertising tobacco to children

Ströer has used loopholes in national legislation to advertise for tobacco, specifically targeting young people, despite European laws prohibiting nicotine marketing in public places. In German cities, as of 2019 notably Mainz and Hildesheim, the company has repeatedly placed advertising signs directly in front of schools, Kindergartens and playgrounds.[10] [11]

Notes and References

  1. Web site: Ströer International. www.Stroeer.com. 9 July 2017.
  2. Web site: STRÖER Aktie - Aktienkurs - 749399 - Börse Frankfurt. www.Boerse-Erankfurt.de. 9 July 2017.
  3. Web site: Auf einen Blick. de. www.Stroeer.com. 28 September 2020.
  4. Web site: Ströer Annual Report 2016. Stroeer.com.
  5. Web site: Ströer übernimmt Interactive Media und T-online.de. de. OneToOne.de.
  6. Web site: Treija . Ieva . Big Exit in Germany: Ströer SE acquires global data and business intelligence platform Statista for roughly € 57 million . EU-Startups . 21 December 2015 . 20 June 2017.
  7. Web site: Editors. EuropaWire PR. Ströer announces increase in Statista shareholding. EuropaWire.eu. 2020-08-16.
  8. Web site: UNITED ONLINE COMPLETES SALE OF STAYFRIENDS . ACXIT Capital Partners . 25 May 2016 . [U.O.] announced on May 24, 2016 that it has completed the sale of the stock of its wholly owned subsidiaries comprising the StayFriends' business, the Company's European websites for social networking services, to Ströer SE & Co. KGaA (DE: SAX) ("Ströer"), a leading provider of out-of-home and online advertising services based in Germany, for a total cash consideration of 16.0 million euros. . 20 June 2017.
  9. Web site: Business . INTERNET WORLD . 16 Millionen Euro für StayFriends: Ströers Daten-Deal . 16 million euros for StayFriends . INTERNET WORLD Business . 3 May 2017 . de . 20 June 2017. It's all about data.
  10. Hauck, Bastian (2019): Wirbel um Tabakwerbung vor Mainzer Kindergarten In: Mainzer Allgemeine Zeitung vom 20. Mai 2019
  11. Beckert, Heiko (2020): Ortsbeirat Mainz-Altstadt weist Ströer in die Schranken In: Mainzer Allgemeine Zeitung vom 24. Juni 2020