JCDecaux : Q4 2021 topped expectations, especially for street furniture with an impact on the margin
>Good Q4 particularly in street furniture - JCDecaux yesterday evening reported its Q4 revenues, which came in ahead of expectations at € 956m, compared with the € 890m expected by ODDO BHF. Organic growth came in at 34.7%, whereas we were expecting 27%, in line with the consensus. Admittedly the group benefited from a favourable base effect this quarter (-34% in Q4 2020), momentum was particularly good, especially in street furniture in Europe (already above 2019). ...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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