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JCDecaux revenue increased 25% in Jun-2010 quarter

2-Aug-2010 1:46 PM

France’s JCDecaux revenue up 24.5% - financial highlights:

  • Three months ended 30-Jun-2010:
    • Revenue: EUR623.4 million, +24.5% year-on-year;
    • Transport: EUR202.1 million, +32.5%;
  • Six months ended 30-Jun-2010:
    • Revenue: EUR1,111 million, +20.0%;
    • Transport: EUR350.8 million, +21.0%;
    • Operating margin: 22.2%, +4.2 ppts;
    • Transport: 12.7%, +4.1 ppts;
    • Free cash flow: EUR119.0 million;
    • Net debt: EUR571.0 million, -14.8% when compared with period ended 31-Dec-2009. [more]

JCDecaux: “During the second quarter, the Transport division reported double-digit organic revenue growth with strong double-digit growth in Asia Pacific and to a lesser extent in North America reflecting improving economic conditions and passenger traffic as well as a favourable business environment in China in the context of the Shanghai 2010 World Expo. Most European markets, with the exception of the UK, returned to organic growth in the second quarter. The rest of the world reported a reduced organic revenue decline compared to the first quarter of 2010 dragged down by the improving but still challenging business conditions in Dubai airport,” Company statement. Source: JCDecaux, 30-Jul-2010.