Ströer SE & Co. KGaA announced preliminary FY16 financial result with group sales of €1.12 billion ($1.18 billion) and adjusted net profit of €157 million ($165 million), resulting in a net profit margin of 14%. The group sales rose by 36% on yearly basis while the similar organic sales growth was more than 7%. The adjusted net income increased by 46% compared to the previous year.
The company attributed the successful year to the key components of its growth strategy, which are diversification of the product mix and the expanded digital portfolio. The company also issued a sales guidance for FY17 at approximately €1.3 billion ($1.4 billion).
