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Axel Springer SE (SPRGn.DE)

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Latest Key Developments (Source: Significant Developments)

KKR Receives All Regulatory Approvals For Axel Springer Offer - Statement
6:18pm IST 

Dec 10 (Reuters) - Major Axel Springer investor KKR says::KKR RECEIVES ALL REGULATORY APPROVALS FOR VOLUNTARY PUBLIC TENDER OFFER FOR AXEL SPRINGER SE.  Full Article

Axel Springer 9-month Adjusted Net Income Down 32% To EUR 174.5 Million
Wednesday, 6 Nov 2019 

Nov 6 (Reuters) - Axel Springer SE ::REVENUES OF EUR 2,263.7 MILLION IN THE FIRST NINE MONTHS OF THE YEAR, DOWN BY 2.7 PERCENT ON THE PRIOR-YEAR PERIOD (EUR 2,326.0 MILLION)..9-MONTH ADJUSTED NET INCOME ALSO DECREASED SIGNIFICANTLY BY 32.0 PERCENT TO EUR 174.5 MILLION (PY: EUR 256.7 MILLION).9-MONTH EBITDA ADJUSTED FOR SPECIAL EFFECTS IN THE REPORTING PERIOD WAS EUR 439.8 MILLION, DOWN BY 18.8 PERCENT ON THE PRIOR-YEAR FIGURE (EUR 541.4 MILLION)..9-MONTH ADJUSTED EBIT DECLINED TO EUR 280.9 MILLION AND WAS 27.6 PERCENT LOWER THAN IN THE PRIOR-YEAR PERIOD (EUR 387.9 MILLION)..CONTINUES TO MAINTAIN FORECAST AS ADJUSTED ON SEPTEMBER 30, 2019.  Full Article

Axel Springer Reduces Executive Board From Five To Four Members
Thursday, 31 Oct 2019 

Oct 31 (Reuters) - AXEL SPRINGER SE ::REDUCES EXECUTIVE BOARD FROM FIVE TO FOUR MEMBERS.ANDREAS WIELE WILL RESIGN POSITION ON THE MANAGEMENT BOARD AT THE END OF MAY 2020.  Full Article

Axel Springer Buys Remaining Shares In Immowelt Group
Thursday, 24 Oct 2019 

Oct 24 (Reuters) - AXEL SPRINGER SE ::ACQUIRES REMAINING SHARES IN IMMOWELT GROUP AND STRENGTHENS AVIV GROUP.  Full Article

Axel Springer Boards Recommend Acceptance Of KKR Offer
Thursday, 11 Jul 2019 

July 11 (Reuters) - Axel Springer SE ::DGAP-NEWS: AXEL SPRINGER'S EXECUTIVE BOARD AND SUPERVISORY BOARD RECOMMEND ACCEPTANCE OF THE VOLUNTARY PUBLIC TENDER OFFER BY KKR.EXECUTIVE BOARD AND SUPERVISORY BOARD WELCOME KKR'S COMMITMENT TO SUPPORT LONG-TERM STRATEGY OF AXEL SPRINGER SE.  Full Article

Axel Springer Says Adj. EBITDA Down 2.5 Pct in Q1
Tuesday, 7 May 2019 

May 7 (Reuters) - Axel Springer SE ::GROUP REVENUES GREW ORGANICALLY BY 3.2 PERCENT IN THE FIRST QUARTER.ADJUSTED EBITDA INCREASED ORGANICALLY BY 4.1 PERCENT IN Q1.DIGITAL ACTIVITIES FURTHER INCREASED THEIR SHARE OF REVENUES AND ADJUSTED EBITDA.FULL-YEAR FORECAST ADJUSTED DUE TO THE SALE OF LEISURE.AT EUR 771.8 MILLION, GROUP REVENUES WERE AT THE PRIOR-YEAR LEVEL (PY: EUR 773.5 MILLION).EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION, AND AMORTIZATION (EBITDA), ADJUSTED FOR NON-RECURRING EFFECTS, DECLINED SLIGHTLY BY 2.5 PERCENT TO EUR 167.0 MILLION (PY: EUR 171.2 MILLION).EBITDA MARGIN DECREASED SLIGHTLY FROM 22.1 PERCENT TO 21.6 PERCENT.ADJUSTED EBIT DECLINED BY 6.9 PERCENT TO EUR 113.4 MILLION (PY: EUR 121.8 MILLION).EXPECTS GROUP REVENUES FOR 2019TO REMAIN AT PREVIOUS YEAR’S LEVEL, HAVING PREVIOUSLY ANTICIPATED AN INCREASE IN LOW SINGLE-DIGIT PERCENTAGE RANGE.CONTINUES TO EXPECT A FIGURE AT PRIOR-YEAR LEVEL FOR ADJUSTED EBITDA.  Full Article

Springer Mulling To Buy Ebay's Classifieds Business - Capital
Thursday, 21 Mar 2019 

March 21 (Reuters) - German business monthly Capital: :AXEL SPRINGER SE SPRGN.DE IS MULLING A TAKEOVER OF THE GERMAN CLASSIFIED ADVERTISING BUSINESS OF EBAY - CAPITAL MAGAZINE.  Full Article

Axel Springer Says Unit Stepstone Files For Acquisition Of Universum
Tuesday, 3 Apr 2018 

April 3 (Reuters) - AXEL SPRINGER SE ::UNIT STEPSTONE FILES FOR ACQUISITION OF SWEDISH EMPLOYER BRANDING SPECIALIST UNIVERSUM.  Full Article

Germany's Axel Springer To Make 125 Mln Stg Investment In Purplebricks
Monday, 26 Mar 2018 

March 26 (Reuters) - Purplebricks Group Plc ::STRATEGIC INVESTMENT FROM AXEL SPRINGER OF APPROXIMATELY £125 MILLION INCLUDING A £100 MILLION SUBSCRIPTION FOR NEW SHARES.INVESTMENT TO ACCELERATE ROLLOUT IN US, SUPPORT ENTRY INTO NEW MARKETS.‍GROUP REVENUES FOR FULL YEAR EXPECTED TO SHOW AROUND 100 PER CENT. YEAR-ON-YEAR GROWTH​.AXEL SPRINGER WILL OWN APPROXIMATELY 11.5 PER CENT. OF PURPLEBRICKS' SHARE CAPITAL FOLLOWING TRANSACTION.AXEL SPRINGER AGREED CONDITIONALLY TO SUBSCRIBE FOR 27.8 MILLION NEW SHARES AT A PRICE OF 360 PENCE PER ORDINARY SHARE.INTENDS TO ALLOCATE APPROXIMATELY £50 MILLION OF SUBSCRIPTION PROCEEDS TO US ROLLOUT.PURPLEBRICKS - UK UNDERLYING SOFTNESS AND ADVERSE WEATHER IN FEB, MARCH RESULTED IN REVENUES FOR YEAR EXPECTED TO BE ABOUTY 5 PERCENT BELOW CO CONSENSUS​."BEGINNING TO SEE EXPECTED SPRING MARKET ACTIVITY BUILDING EVEN THOUGH BACKDROP OF RELATIVE MARKET SOFTNESS PERSISTS".  Full Article

Axel Springer: Not Contemplating Tie-Up With ProSieben
Thursday, 8 Mar 2018 

March 8 (Reuters) - Axel Springer ::CEO SAYS WE ARE NOT CONTEMPLATING MERGER OR CLOSER COOPERATION WITH PROSIEBENSAT 1.CEO SAYS SUCH STEPS WOULD MAKE NO SENSE FROM THE POINT OF VIEW OF OUR SHAREHOLDERS.  Full Article