JCDecaux announced FY16 adjusted revenues (i.e. before applying IFRS11) up 5.8% to €3,392.8m (+€185.2m), slightly exceeding our forecasts (€3,375m) and +3.3% organically (i.e. better than the “slightly below 3%” guidance for the full year). It was the first time since 2010 that each of the group’s three divisions had delivered positive organic revenue growth. Q4 was nearly flat on a non-IFRS basis (-0.11% to €982.8m) and declined by only 0.3% organically,
27 Jan 2017
A FY16 ending above expectations...
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
A FY16 ending above expectations...
JCDecaux SE (DEC:PAR) | 0 0 -0.1% | Mkt Cap: 7,010m
- Published:
27 Jan 2017 -
Author:
Véronique Cabioc'h -
Pages:
3
JCDecaux announced FY16 adjusted revenues (i.e. before applying IFRS11) up 5.8% to €3,392.8m (+€185.2m), slightly exceeding our forecasts (€3,375m) and +3.3% organically (i.e. better than the “slightly below 3%” guidance for the full year). It was the first time since 2010 that each of the group’s three divisions had delivered positive organic revenue growth. Q4 was nearly flat on a non-IFRS basis (-0.11% to €982.8m) and declined by only 0.3% organically,