JCDecaux announced satisfactory Q3 adjusted revenues (i.e. before applying IFRS11), up 14.1% to €764m and +4.3% organically. The quarter like-for-like performance was driven by Transport (+9.7%; c.45% total adjusted revenues), while Street Furniture (c.40% total adjusted revenues) rose by 3.2% and Billboard declined by 5.9%, still affected by difficult market conditions in Russia. Overall, the consolidated 9 months organic adjusted revenue growth reached +3.4% and management is guiding f
13 Nov 2015
Boosting top-line growth while delaying the operating leverage
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Boosting top-line growth while delaying the operating leverage
JCDecaux SE (DEC:PAR) | 0 0 -0.1% | Mkt Cap: 7,010m
- Published:
13 Nov 2015 -
Author:
Véronique Cabioc'h -
Pages:
3
JCDecaux announced satisfactory Q3 adjusted revenues (i.e. before applying IFRS11), up 14.1% to €764m and +4.3% organically. The quarter like-for-like performance was driven by Transport (+9.7%; c.45% total adjusted revenues), while Street Furniture (c.40% total adjusted revenues) rose by 3.2% and Billboard declined by 5.9%, still affected by difficult market conditions in Russia. Overall, the consolidated 9 months organic adjusted revenue growth reached +3.4% and management is guiding f