JC Decaux reported Q3 adjusted revenues (i.e. before applying IFRS11) up 2.4% to €812m (versus €792.7m, i.e. +€19.3m) and +4.9% organically, far above the +3% group’s guidance and our own estimate (+3%). This is positive news, even if the quarter offered a rather easy basis of comparison (Q3 16 was +1.5%, impacted by China). Overall, the consolidated 9 months organic adjusted revenue growth reached +1.9% (supported by a solid Street Furniture and a Transport recovery) and
08 Nov 2017
A solid Q3 organic revenue growth acceleration
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A solid Q3 organic revenue growth acceleration
JCDecaux SE (DEC:PAR) | 0 0 -0.1% | Mkt Cap: 7,010m
- Published:
08 Nov 2017 -
Author:
Véronique Cabioc'h -
Pages:
3
JC Decaux reported Q3 adjusted revenues (i.e. before applying IFRS11) up 2.4% to €812m (versus €792.7m, i.e. +€19.3m) and +4.9% organically, far above the +3% group’s guidance and our own estimate (+3%). This is positive news, even if the quarter offered a rather easy basis of comparison (Q3 16 was +1.5%, impacted by China). Overall, the consolidated 9 months organic adjusted revenue growth reached +1.9% (supported by a solid Street Furniture and a Transport recovery) and