JCDecaux : A challenging Q 2020 and no prospect of an improvement in Q4
>Q3 slightly tougher than expected - Yesterday evening, JCDecaux reported Q3 2020 revenues a shade below our expectations. The organic contraction came to 38% in Q1 while our forecast was for 33%. The difference is limited but underscores a nonetheless very tough situation. As for Q3, the group has communicated no guidance for Q4 due to the lack of visibility. The group will likely be hit by the various return to lockdown implemented in Europe (especially in the UK an...JC Decaux specializes in outdoor advertising. Co.'s business mainly consists of the sale of advertising space for these activities: Street Furniture, Transport Advertising and Billboard. The Street Furniture segment covers the advertising agreements relating to public property entered into with cities and local authorities. It also includes advertising in shopping centers, renting of street furniture, sale and rental of equipment, cleaning and maintenance. The Transport Advertising segment covers advertising in airports, subways, buses, tramways and trains. The Billboard segment covers advertising on private property and neon-type activity.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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