JCDecaux has announced that its revenues for the six months to 30 June were up 7.7% to €1 million compared to the same period last year.
Excluding acquisitions and the impact of foreign exchange, organic revenue growth was 6.9%, reflecting a strong second quarter.
Core advertising revenues, excluding revenues related to the sale, rental and maintenance of street furniture products, rose by 7.1% organically over the period.
With the exception of France, all geographic regions produced strong organic revenue growth over the first half, with particularly robust revenue performances in the UK, Asia-Pacific and in the Rest of the World, each of which achieved double-digit revenue growth.
Street furniture revenues for the first half of 2007 increased by 5.1% to €510.3 million from €485.7 million in the first half of last year.
Transport revenues improved by 12.1% to €266.5 million from €237.7 million in the first half of last year. Excluding acquisitions and the impact of foreign exchange, the group’s organic revenues rose by 12.3%.
Billboard revenues for the first half increased by 8.9% to €242.2 million from €222.4 million in the same period last year. In the second quarter, revenues increased by 8.6% to €128.7 million.
Jean-François Decaux, chairman of the board and co-chief executive officer, said: “As anticipated, overall organic revenue growth accelerated in the second quarter compared to the first, reflecting strong performances from our transport and billboard divisions, and revenue progression in all our geographies, with the exception of France, where advertising revenues were flat.
“We continue to expect that our organic revenue growth in 2007 will be similar to that of 2006, within a likely 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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