JCDecaux : T2 difficile mais marge meilleure qu’attendu et très bon FCF
>Un trimestre qui était difficile à anticiper en rentabilité - JCDecaux a publié ce matin ses résultats S1 ressortis supérieurs à notre attente avec une baisse organique T2 de 63.4% (contre -61% attendus) et un EBITDA de -62 M€ (vs -185 M€e). Le groupe n’avait communiqué aucune guidance pour ce trimestre. Il semble que le groupe ait été plus rapide que nous ne l’attendions dans ses renégociations de contrats. Sans surprise, l’activité a été très difficile au T2 au re...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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