JCDecaux : Robust Q3 2023 results and Q4 guidance in line with consensus expectations
>Outperform rating confirmed - Yesterday evening JCDecaux reported Q3 revenues that were in line with our expectations with organic growth of 8.4% (ODDO BHF at 8.5%) while the group had guided to 7%. Momentum was good pretty much everywhere and especially in France with the organisation of the Rugby World Cup and the prospect of the Olympics in 2024 (already affecting bookings in Q3). The group did not hold a conference call but guided to organic growth of 6% in Q4, w...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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