JCDecaux today reported poor FY16 results as expected. As a reminder, the group already had released its FY16 revenues at the end of January (up 5.8% to €3,392.8m adjusted, i.e. before applying IFRS11 and +3.3% organically; please refer to our 27 January Latest). FY16 consolidated adjusted OP (i.e. before IFRS11 or, i.e. proportionately consolidating JVs instead of under the equity method) reached €646.5m, down 7%, in line with our forecasts (€650m) and versus €695.2m in F
02 Mar 2017
FY16 "annus horribilis"...
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FY16 "annus horribilis"...
JCDecaux SE (DEC:PAR) | 0 0 -0.1% | Mkt Cap: 7,010m
- Published:
02 Mar 2017 -
Author:
Véronique Cabioc'h -
Pages:
3
JCDecaux today reported poor FY16 results as expected. As a reminder, the group already had released its FY16 revenues at the end of January (up 5.8% to €3,392.8m adjusted, i.e. before applying IFRS11 and +3.3% organically; please refer to our 27 January Latest). FY16 consolidated adjusted OP (i.e. before IFRS11 or, i.e. proportionately consolidating JVs instead of under the equity method) reached €646.5m, down 7%, in line with our forecasts (€650m) and versus €695.2m in F