Report
Jerôme Bodin

JCDecaux : Brisk momentum in the short term and margin growth in 2019

>Buy recommendation reiterated - Yesterday, JCDecaux held its analysts’ meeting following the publication of its 2018 earnings. Growth was particularly dynamic in China and the US in Q1 and the margin should reflect growth after five years of decline. The group should thus benefit from the many contracts won since 2017 and the continued pace of digitisation. After an exceptional 2017 and gains or renewals of prized contracts in 2018, 2019 looks set to be less dense fr...
Underlying
JCDecaux SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jerôme Bodin

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