H1 20 results show a substantial loss The exposure to the advertising market and the share of fixed costs are keys to the poor performance Despite the efforts on the cost side, the current year (and possibly next one too) looks like a lost year The rebound will largely depend of the shape of the economic recovery, with little hope of improvement before next year at best We will revise downwards our numbers and price target
04 Aug 2020
H1 20: weak, as expected
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H1 20: weak, as expected
JCDecaux SE (DEC:PAR) | 0 0 -0.1% | Mkt Cap: 7,010m
- Published:
04 Aug 2020 -
Author:
Fabrice Farigoule -
Pages:
3
H1 20 results show a substantial loss The exposure to the advertising market and the share of fixed costs are keys to the poor performance Despite the efforts on the cost side, the current year (and possibly next one too) looks like a lost year The rebound will largely depend of the shape of the economic recovery, with little hope of improvement before next year at best We will revise downwards our numbers and price target