Udo Müller
CEO
Replay available
Sto SE & Co. KGaA (0G5B) Q1 2023 Earnings Call
Sto SE & Co. KGaA (LSE: 0G5B) Q1 2023 earnings conference call, held 2023-05-11. Replay captured from the company's public earnings webcast.
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Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht.
Replay transcript excerpt
WEBVTT 00:00:01.178 -- 00:00:06.947 Dear ladies and gentlemen, thank you for joining our today's call on our Q1 2023 00:00:06.947 -- 00:00:08.750 results. 00:00:08.750 -- 00:00:14.860 Let me start the call with a short overview of the key figures of Q1 2023 00:00:14.860 -- 00:00:18.045 and then go straight into more strategic topics. 00:00:18.045 -- 00:00:23.254 Henning will then take over and present the financials of the first quarter in more 00:00:23.254 -- 00:00:28.600 detail before I give you a short outlook what to expect for Q2. 00:00:28.600 -- 00:00:31.805 After our presentation, we will be available for Q&A. 00:00:31.805 -- 00:00:37.193 In Q1, we deliver a very solid quarter, especially against 00:00:37.193 -- 00:00:42.021 the backdrop of a German advertising market that contracted by more than 5%. 00:00:42.021 -- 00:00:43.743 Overall, 00:00:43.743 -- 00:00:47.149 developments are fully in line with our expectations, 00:00:47.149 -- 00:00:50.434 published with the prelims in March. 00:00:50.434 -- 00:00:56.495 State growth in the mid-singled digital percentage range and a significant outperformance 00:00:56.495 -- 00:01:00.240 compared to the overall advertising market. 00:01:00.240 -- 00:01:05.446 Reported growth revenues in Q1 2023 in total were up by 6% from 00:01:05.446 -- 00:01:08.488 385 to 410 00:01:09.091 -- 00:01:15.119 million euros. Organic revenue growth was even higher, with 7.3% 00:01:15.119 -- 00:01:20.145 compared with reported revenue growth. Adjusted EBITDA increased by 00:01:20.145 -- 00:01:21.847 3% from 95 00:01:21.847 -- 00:01:26.978 million euros to 97 million euros. At the same time, dialogues as well as 00:01:26.978 -- 00:01:32.906 ASAM and SATISA contributed to the overall positive development. 00:01:32.906 -- 00:01:37.451 Our furth...