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JCDecaux Revenues Reach €2.1m

JCDecaux Revenues Reach €2.1m

JCDecaux has reported revenues of €2,106.6 million (£1,567.11 million), an increase of 8.2% compared with 2006.

High-single or double-digit organic revenue growth was reported in all geographic areas for the year with the exception of France.

However, France still showed however a good improvement from the third quarter and achieved overall a satisfactory yearly performance, said JCDecaux.

Organic revenue growth for street furniture for the full year was 5.5%, with core advertising revenues, excluding revenues related to the sale, rental and maintenance of street furniture contracts, increasing by 6.5% organically.

In Europe, double-digit organic revenue increases were reported in Scandinavia, Central and Eastern Europe, the Netherlands and Italy, with solid growth seen in Spain.

Billboard revenues showed an organic increase of 7.3%. Double-digit growth was recorded in Central and Eastern Europe during the fourth quarter, while revenue progression remained solid in the UK, Ireland, Spain and Belgium.

Jean-François Decaux, chairman of the executive board and co-CEO, said: “These strong group revenue figures reflect good performance across all three of our divisions and a good geographical balance.

“With underlying annual organic growth of 8.8%, JCDecaux’s performance should be well ahead of the growth in the global advertising market in 2007.

“We can already confirm we are confident that we will continue to outperform the current expected growth in the world advertising market in 2008.”

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