JCDecaux : T3 en ligne mais guidance T4 difficile à -2%
>Une tendance court terme qui va rester difficile au T4  - JCDecaux a publié hier soir un CA T3 en croissance organique de 0,1% très légèrement au-dessus de nos attentes (-0,5%e). Ce qui s’explique principalement par une situation toujours très difficile à HK (~6,5% du CAe) et plus largement par la dégradation de l’environnement publicitaire en Chine (~20% du CA du groupe) mais aussi en Australie. Le point clef de la publication est la guidance de décroissance sur le...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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