JCDecaux : Very good H1 for margins but the guidance for Q3 is a bit cautious
>Could the very good H1 offset the year-end slowdown? - JCDecaux this morning published H1 results that topped forecasts, both for Q2 organic growth (+5.1% versus +4.7% forecast) and the EBITDA margin. The leverage effect was particularly important, confirming the prospects for margin improvements in 2019 and also probably in 2020. The disappointment in this publication stems from the organic growth guidance for Q3 (0% vs +4% forecast), reflecting a slowdown in China ...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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