JCDecaux : Nice surprise on 2019 but Q1 guidance more negative than expected
>Tougher start to the year than anticipated and very uncertain Q1 outlook - JCDecaux this morning reported better-than-expected 2019 results, with EBITDA of € 792m whereas we had expected € 774m. The key point is the guidance for Q1: the group expects negative organic growth of 10% while we were forecasting -5.2% and we were already probably among the most cautious in the consensus. This guidance is obviously driven by a marked deterioration in the situation in China ...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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