JCDecaux reports organic revenue growth of 7.8% in Q1

JCDecaux reports organic revenue growth of 7.8% in Q1

JCDecaux reports organic revenue growth of 7.8% in Q1

According to JCDecaux's results for quarter one, the group's revenues increased by 9.9% to €535.3m (£468.4m). Organic growth – excluding acquisitions and the impact of variations in foreign exchange – was 7.8%.

The group said core advertising revenues, excluding revenues related to the sale, rental and maintenance of street furniture products, rose by 7.7% organically.

The street furniture division reported mid-single-digit organic revenue growth, while the UK billboard revenues reported mid-single-digit organic revenue decreases.

Global revenues for the transport division rose by 21.9% to €181.3m. Excluding the impact of acquisitions and foreign exchange variations, organic revenue growth was 18.8%.

JCDecaux said the global growth in the transport division reflected the division's exposure to fast growing economies and digital assets, as well as the contribution of recently won contracts.

Global revenues in the street furniture division increased 6.7% to €261.7m, from €245.3m in the first quarter of 2010.

In the billboard division revenues fell by 1% to €92.3m from €93.2m in the first three months of 2010, and fell 2.1% on an organic basis.

Jean-Charles Decaux, chairman of the executive board and co-chief executive officer, said: "While our good exposure to fast-growing economies remained a key growth driver for the group in Q1 2011, most of our developed markets also reported solid performances for the quarter.

"Despite some local weaknesses, the trends for the advertising market remain positive for the year, and given a demanding double-digit comparable in Q2 2010, we currently anticipate an organic revenue growth of around 4% for the Group in Q2 2011."
 

 




The WOO database

The WOO database is a regularly updated, invaluable resource for WOO member companies, associations and their employees, containing all the latest data on the Out of Home Industry worldwide. It is managed by WOO Insights Manager Heather Wallace.

The database contains up to date information on developments in the Out of Home world, case studies including invaluable insights into the connections between OOH and mobile, regulation in markets across the world and the latest official reports from National Associations worldwide.





Interested in becoming a member?

Fill in your details and submit the form, we will contact you shortly about membership...

Enter this number to confirm your human!: 50013





Subscribe to our weekly OOH newsletter

LATEST INDUSTRY NEWS: focusing on the top OOH stories of the week from around the world.

Newsletter Signup

Email