JCDecaux : Q3 2019 in line but Q4 guidance challenging at -2%
>A short term set to remain difficult in Q4 Â - Yesterday evening, JCDecaux published its Q3 revenues with organic growth of 0.1%, a shade above our expectations (-0.5%e). This is mainly due to the still very difficult situation in Hong Kong (~6.5% of sales) and more broadly to the deterioration of the advertising environment in China (~20% of the group's sales) but also in Australia. The key point of the publication is the guidance for a contraction in Q4 (-2%), whic...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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