JCDecaux : Acceleration on the agenda in Q3 (+7.3%), more cautious guidance for Q4
>Organic growth of 7.3% in line with expectations (+7.2%) - JCDecaux yesterday evening reported organic revenue growth of 7.3%, in line with consensus expectations (+7.2%) and slightly below our estimates (+7.6%). Revenues amounted to € 867.7m and exceeded the guidance of 7% org. growth provided in Q2. This record quarter since 2011 was underpinned by the excellent performance of the transport division (+15.5% org. vs. +12.5%e), which offset a weaker-than-expected yea...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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