JCDecaux : EBITDA in line, organic decline of 40% in Q1 in line with our estimate
>The trend is set to remain challenging as long as the health measures are in place - JCDecaux this morning reported 2020 results in line with forecasts with EBITDA of € 142m whereas we expected € 135m (consensus € 136.5m). The important point is the Q1 guidance: the group expects an organic decline in revenues of 40% due to the situation in Europe. This is roughly in line with what we expected (-35%) and reflects, for the time being, the lack of any recovery. This g...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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