Report
Jerôme Bodin

JCDecaux : What to expect from Q3?

>A slightly more penalising-than-expected Q3 - We recap on JCDecaux and our forecasts for Q3 2019 in the present document. We are forecasting an organic contraction of 0.5% for Q3, i.e. very slightly below the guidance (0%). This slight difference is justified by the particularly tough situation in Hong Kong (~6.5% of sales est.) over the summer (August/September). We are revising down our forecasts for Q4 (+0.9% vs +3%) in light of the absence of a prospective reboun...
Underlying
JCDecaux SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jerôme Bodin

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