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JCDecaux revenue down 7.2% in 4Q2009

29-Jan-2010 1:02 PM

France’s JCDecaux revenue down 7.2% - revenue highlights:

  • Three months ended 31-Dec-2009:
    • Revenue: EUR561.6 million, -7.2% year-on-year;
      • Transport: EUR161.0 million, -8.7%;
  • 12 months ended 31-Dec-2009:
    • Revenue: EUR1,919 million, -11.5%;
      • Transport: EUR589.6 million, -6.3%. [more]

JCDecaux: “2009 was undoubtedly the most difficult year that JCDecaux has experienced...Reduced advertising budgets and strong pricing pressure led to a global advertising revenue decline - including online advertising - expected to be around 10% in 2009...JCDecaux performed relatively in line with the market in 2009 with an organic revenue decline of 10.9%, ahead of our most recent guidance thanks to late money spent in 4Q2009 and increased exposure to emerging markets,” Jean-François Decaux, Chairman and Co-CEO. Source: JCDecaux, 28-Jan-2010.