JCDecaux : No guidance but a very difficult Q2 in prospect
>A difficult Q1 but Q2 set to be even more so - JCDecaux has reported Q1 revenues that reveal organic decline of -13.9% (we had forecast -11.5%). The group has communicated no guidance due to the lack of visibility. We now forecast a 61% organic decline in Q2 and 23% for 2020. We have made a marked downward revision to our forecasts in light of this publication with a far more difficult scenario in Q2 and Q3. We now forecast 2020 EBITDA of € 460m vs € 629m previously...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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