JCDecaux : A persistently difficult Q4 but marginal improvement in street furniture with an impact on our EBITDA forecast
>Q4 marginally better than expected but no major surprises, the trend will remain very challenging - JCDecaux yesterday reported slightly better than expected Q4 revenues, with an organic decrease of 34%, whereas we were expecting -39.6% (consensus at -37%). The group had not published any guidance for Q4. The health situation and lockdowns were the main causes of this further sharp decline. Note the slight difference relative to our expectations for street furniture ...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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