JCDecaux : Good Q3 2024 in line with our expectations but Q4 guidance reflects a sequential slowdown
>Neutral recommendation reiterated, target price lowered slightly - Yesterday evening JCDecaux reported Q3 revenues that were in line with our expectations with organic growth of +11.1% (ODDO BHF at 11.2%) while the group had guided for 10%. Momentum was therefore favourable, but the group warns that it is likely to slow in Q4 and is guiding on ‘low single digit’ growth. It did not hold a conference call. We are now expecting growth of 5% in Q4, compared with our in...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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