Report
Jerôme Bodin

JCDecaux : Q4 revenues in line with expectations with organic growth of 5%

>Neutral recommendation reiterated - Yesterday evening JCDecaux reported Q4 revenues in line with our expectations with organic growth of 5.1% whereas we looked for 4.9% and the consensus around ~+4%. The group did not hold a conference call. The management did not give any guidance for Q1 (this will come at the annual results report on 9/03). We still expect activity to pick up in 2023 with a gradual revival in China. We notably anticipate the beginnings of a recover...
Underlying
JCDecaux SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jerôme Bodin

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