JCDecaux SA experiences strong organic growth, driving overall revenue performance
JCDecaux SA, the second largest global outdoor advertising company and largest in worldwide transport advertising, reports revenues surged 22.5% in 2010 to EUR2.35 billion, reflecting a "good 9.1% organic revenue increase as well as the strong contribution from the recent Wall and Titan acquisitions". Core advertising revenues increased by 9.8% organically.
In the fourth quarter, revenues increased by 20.6% to EUR346.0 million (4.8% on an organic basis) compared with the same period last year.
Transport segment revenues (including its airport advertising activities) for the full year increased by 31.9% to EUR777.6 million. Excluding acquisitions and the impact of foreign exchange, organic revenues increased 15.6%, driven by strong double-digit organic revenue growth recorded principally in France, North America and the Asia Pacific region.
The company is active at 163 airports and has more than 300 transport contracts in metros, buses, trains and tramways (380,200 advertising panels).
Its shares gained 1.6% yesterday.
Selected airport suppliers daily share price movements (% change): 27-Jan-2011