JCDecaux : S1 meilleur mais les négociations sur les redevances restent un enjeu
>Estimations plus prudentes mais plus optimistes que consensus - JCDecaux a tenu hier sa conférence téléphonique suite à ses résultats T2. Malgré une marge opérationnelle supérieure à nos attentes au S1, nos prévisions annuelles sont revues en baisse sous l’effet d’une tendance possiblement plus difficile que nous ne l’attendions sur le S2 et en particulier au T4. Nous avons par ailleurs abaissé notre hypothèse des redevances fixes dans le MU (-100 M€ vs -150 M€ précé...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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