COLOGNE (dpa-AFX) - The outdoor advertising specialist Stroer intends to pay its shareholders a dividend for the past year at the previous year's level. As the company will continue to grow "sustainably and profitably" in the coming years, a dividend of EUR 1.85 per share will be proposed to the Annual General Meeting, the MDax-listed company announced in Koln on Monday. On average, analysts had more in mind. The Stroer share fell slightly on Monday morning.

As already announced, sales growth in 2024 is expected to be noticeably above the previous year's level of plus 7.5 percent. For earnings before interest, taxes, depreciation and amortization (EBITDA) adjusted for special effects, the Stroer Executive Board is forecasting growth at around the same level. Free cash flow is expected to increase more strongly./ngu/mis