10-Mar-2011 3:00 PM
JCDecaux revenue up 22.5% in 2010, reports positive momentum
Analysis
France's JCDecaux reported revenue rose 22.5% in 2010, with turnover from its transport segment more than doubling, albeit of a relatively small base. Net profit was EUR169.3 million for the year, compared with EUR34.5 million in 2009. Jean-Charles Decaux, Chairman and CEO stated the company's positive momentum has continued and announced an organic revenue growth forecast for 1Q2011 of around 6%. JCDecaux shares closed 1.1% lower in trading on Wednesday. gategroup shares gained 2.7%.
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