JCDecaux : Q1 a shade better than anticipated thanks to Asia and guidance for Q2 in line with expectations
>A slight improvement in Q1 thanks to Asia - Yesterday evening, JCDecaux published Q1 sales that came in a shade above our forecasts with an organic decline of 34.6% whilst the group had issued guidance for -40%. The trend appears to have been a shade better than anticipated in Asia-Pacific, China (domestic audience) but also in Australia. Moreover, the guidance for Q2 is perfectly in line with our forecast of +60%. As such we have made no adjustments to our estimate...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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