The Q1 20 trading statement shows a steep fall in sales which will be even steeper in Q2, due to the Transport division. This looks set to continue with containment measures in most geographies and the collapse in airline traffic. The shape of a recovery will determine the impact on our valuation but short-term forecasts definitely have to be slashed again.
13 May 2020
Q1 20 trading statement: tough times ahead
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q1 20 trading statement: tough times ahead
JCDecaux SE (DEC:PAR) | 0 0 -0.1% | Mkt Cap: 7,010m
- Published:
13 May 2020 -
Author:
Fabrice Farigoule -
Pages:
2
The Q1 20 trading statement shows a steep fall in sales which will be even steeper in Q2, due to the Transport division. This looks set to continue with containment measures in most geographies and the collapse in airline traffic. The shape of a recovery will determine the impact on our valuation but short-term forecasts definitely have to be slashed again.