JCDecaux : Slight improvement in Q1, picking up in Q2
>Neutral rating reiterated - JCDecaux released its Q1 revenue figures yesterday evening and they came out slightly better than we expected, with organic growth at 5% whereas we had been looking for 2.7% and the guidance had been for 2.5%. The group did not follow up with a conference call but did issue guidance for 9% organic growth in Q2 vs our forecast of +7.5% (but a Visible Alpha consensus of +14%). We remain at Neutral on the stock and our target price is unchang...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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