JCDecaux Beats Q4 Revenue Target
Earlier this week JCDecaux (JCDX.PA) announced that it has beat its fourth-quarter revenue target, citing improving French and Chinese markets.
The group’s fourth-quarter adjusted revenue was 1.02 billion euros ($1.27 billion) which represented 6.5 percent organic growth, beating the 4.5 percent forecast in November.
Co-Chief Executive Jean-François Decaux told us “This strong performance reflects a growing contribution from our digital street furniture assets and the recovery of our operations in China, combined with an improvement in France, as well as solid revenue growth in the U.S. and in the rest of Europe,”
Interestingly, JCDecaux’s transport business delivered quarterly growth up almost 12 percent year on year and the UK showed organic growth of 1.4% for the year.
Full-year results are due to be published on March 8, along with first-quarter guidance.
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