JCDECAUX SE

DEC

Equity

ISIN FR0000077919 / Valor 1140587

Euronext - Euronext Paris (2024-11-21)

EUR 14.13-0.77%

JCDECAUX SE
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About company

JCDECAUX SE is a global leader in outdoor advertising, offering a range of advertising solutions in three main areas: street furniture, transport advertising, and billboard advertising. The company was founded in 1964 by Jean-Claude Decaux, who pioneered the concept of advertising street furniture. Today, JCDECAUX SE is known for its innovative and impactful advertising campaigns that reach audiences in urban environments around the world. With a strong presence in major cities and transportation hubs, JCDECAUX SE continues to be a key player in the outdoor advertising industry.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Adjusted Revenue Growth

JCDECAUX SE's adjusted revenue for H1 2024 increased by 14.0% to €1,807.6 million, compared to €1,585.0 million in H1 2023. On an organic basis, the adjusted revenue grew by 13.4%, driven by strong performance in digital revenue and trading momentum across all activities. The second quarter alone saw a 16.5% increase in adjusted revenue, reaching €1,006.1 million.

Operating Margin Improvement

JCDECAUX SE reported an adjusted operating margin of €261.4 million for H1 2024, marking a 28.7% year-on-year increase, which is twice the revenue growth rate. This improvement was attributed to better operating leverage across all activities, with significant contributions from the most digitized markets and rationalization efforts in France.

Net Income Surge

For H1 2024, JCDECAUX SE's net income Group share surged by 149.6% year-on-year, reaching €94.4 million. This significant increase of €56.6 million compared to the previous year highlights the company's strong financial performance and effective cost management strategies.

Cash Flow Enhancement

JCDECAUX SE's adjusted operating cash flows for H1 2024 increased by 21.5% year-on-year, amounting to €138.9 million. Additionally, the company's adjusted free cash flow improved significantly, reaching -€20.1 million, which is a notable enhancement given the seasonal nature of their business activities.

Positive Outlook for Q3 2024

Looking ahead, JCDECAUX SE expects an organic revenue growth rate of around 10% for Q3 2024. This optimistic outlook is driven by continued strong digital revenue growth across all business segments and the anticipated positive impact of the Paris Olympic Games in France.

Summarized from source with an LLMView Source

Key figures

-15.8%1Y

-38.9%3Y

-44.8%5Y

Performance

31.9%1Y

36.7%3Y

40.9%5Y

Volatility