JCDecaux : Q1 will be difficult but probably Q2 as well
>Situation stabilising in China but potentially worsening in Europe - JCDecaux yesterday held an analysts’ meeting following its 2019 earnings release. A key takeaway, obviously, is the company's very cautious stance on Q1 (guidance of -10%). We estimate that Q2 is likely to remain very challenging (-7.2% forecast), notably given the worsening advertising environment in Europe and a small improvement in China. On this basis, we forecast an EBITDA operating margin cont...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.