After a poor FY16, JCDecaux reported Q1 17 revenues up 1.2% on an adjusted basis (i.e. before applying IFRS11, or proportionately consolidating the JVs instead of under the equity method) to €757.6m, down 1% organically. The guidance is for an improving trend in Q2 17e with organic growth expected to be “slightly positive” despite continuing strong volatility.
05 May 2017
Q1 organic decline, based on a particularly tough basis of comparison
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Q1 organic decline, based on a particularly tough basis of comparison
JCDecaux SE (DEC:PAR) | 0 0 -0.1% | Mkt Cap: 7,010m
- Published:
05 May 2017 -
Author:
Véronique Cabioc'h -
Pages:
3
After a poor FY16, JCDecaux reported Q1 17 revenues up 1.2% on an adjusted basis (i.e. before applying IFRS11, or proportionately consolidating the JVs instead of under the equity method) to €757.6m, down 1% organically. The guidance is for an improving trend in Q2 17e with organic growth expected to be “slightly positive” despite continuing strong volatility.