JCDecaux has announced a 9% year on year increase in revenues for the nine months ended 30 September 2007, €1,506.9 million compared.
Excluding acquisitions and the impact of foreign exchange, organic revenues rose by 8.6% for the first nine months of 2007.
In the third quarter, revenues increased by 11.8% to €487.9 million. Excluding acquisitions and the impact of foreign exchange, organic revenues increased by 12.2%.
Street furniture revenues for the first nine months of 2007 increased by 6.2% to €737.4 million. Excluding acquisitions and the impact of foreign exchange, organic revenues increased by 5.0%.
In the third quarter, street furniture revenues increased by 8.9% to â‚Ź227.1 million (+8.1% on an organic basis) compared to the same period last year.
Transport revenues for the first nine months of 2007 increased by 15.0% to €410.6 million. Excluding acquisitions and the impact of foreign exchange, organic revenues increased by 16.3% over the period. In the third quarter, revenues increased by 20.9% to €144.1 million.
Billboard revenues for the first nine months of 2007 increased by 8.5% to €358.9 million. Excluding acquisitions and the impact of foreign exchange, organic revenues increased by 7.7% over the period.
In the third quarter, billboard revenues increased by 7.6% to €116.7 million (+6.8% on an organic basis).
The UK billboard business, which produced double-digit organic revenue growth, reported the best performance overall, with JCDecaux saying that it benefited from a strong market outperformance, earlier investment in its high-quality ‘Première’ advertising network and the recently-signed contract with BT payphones.
Jean-François Decaux, chairman of the executive board and co-CEO, said: “The growth of our street furniture business accelerated in the third quarter and we saw continued strong growth in transport and billboard.
These strong revenues reflect factors which we also expect to support our longer-term growth, in particular: the outperformance of outdoor advertising compared to the advertising sector as a whole, encouragingly in some of the largest advertising markets in the world such as the US, UK and Germany; our well invested assets and innovative products supported by experienced management; and our emphasis in recent years on expansion in higher growth emerging markets including China.
“Given our third quarter performance, we now expect that our organic revenue growth in 2007 will be slightly ahead of 8%, compared to our previously indicated range of 7-8%, reflecting ongoing strength in the transport division, a stronger growth rate in street furniture and improved market conditions in France.”
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