JCDecaux : Very dynamic Q4, trend which should continue apace in Q1 in our view
>Q4 revenues reflected organic growth of +5.4% (guidance +4.0%) - Yesterday evening JCDecaux reported Q4 revenues ahead of expectations. Revenues posted organic growth of +5.4%, to € 1,107m, whereas we had been forecasting 4.1% (to € 1,096m) and the consensus +4.2%. The group had communicated growth guidance of 4%. By division, the group posted contrasting performances, including solid growth for the transport business at +10.8% (Oddo BHF: +7.2%), a measured performan...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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