Ströer SE & Co. KGaA (SOTDF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you. Thank you. Thank you. Ladies and gentlemen, welcome to the Struer Q1 Figures 2026 conference call. I am Sandra, the course call operator. I would like to remind you that all participants have been listed in only mode and the conference has been recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and 0. The conference must not be recorded for publication or broadcast. At this time, it is my pleasure to hand over to Udo Müller, CEO. Please go ahead, sir. Yes, thank you, Sandra. Dear investors, dear analysts, welcome to today's Q1 2026 earnings call. Let us dive straight into the numbers and details. On the top line, revenues in Q1 amounted to €495.6 million representing an organic growth of 1.1% compared to 475.5 million euros in Q1 2025. On a reported basis, revenue grew by 4%. Moving down the P&L, adjusted EBITDA reached 119.3 million euros compared to 117.4 million euros last year. This represents a stable year-on-year development with EBITDA adjusted remaining essentially flat at a higher margin level. On adjusted EBIT, we reported 41.7 million euros up from 39.7 million euros in Q1 2025. This corresponds to a 5% increase, highlighting that operating efficiency improvements continue to support earnings despite moderate top-line momentum. Adjusted net income amounted to 70.6 million euros compared to 16.2 million euros in the prior year period. This translates into a 9% year-on-year increase. Turning to cash flow, free cash flow adjusted improved significantly. In Q1 2026, we reported an adjusted free cash flow of minus 9.7 million euros compared to minus 35.1 million euros in Q1 2025. This represents an improvement of ...