Paris, 6 November 2007 – JCDecaux SA (Euronext Paris: DEC), the number one outdoor advertising company in Europe and Asia-Pacific and the number two worldwide, announced today its revenues for the nine months ended 30 September 2007, reporting a 9.0% increase to €1,506.9 million compared to the same period last year. Excluding acquisitions and the impact of foreign exchange, organic revenues rose by 8.6% for the first nine months of 2007.
In the third quarter, revenues increased strongly by 11.8% to €487.9 million. Excluding acquisitions and the impact of foreign exchange, organic revenues increased by 12.2%. Organic revenues grew faster than reported revenues due to a weaker US and Hong Kong dollar versus euro compared to the same period last year. These revenues reflect the continued strong progression of Transport, which reached a record 24.2% organic revenue growth rate in the quarter, an improvement in Street Furniture revenue growth, the continued solid growth of Billboard and improved market conditions in France.
in million € | Q1 | Q2 | Q3 | 9 months |
|
|
Street Furniture | 239.0 | 271.3 | 227.1 | 737.4 | 8.9% | 6.2% |
Transport | 120.6 | 145.9 | 144.1 | 410.6 | 20.9% | 15.0% |
Billboard | 113.5 | 128.7 | 116.7 | 358.9 | 7.6% | 8.5% |
Total Group | 473.1 | 545.9 | 487.9 | 1,506.9 | 11.8% | 9.0% |
Change (%) | ||
in million € |
|
|
Street Furniture | 8.1% | 5.0% |
Transport | 24.2% | 16.3% |
Billboard | 6.8% | 7.7% |
Total Group | 12.2% | 8.6% |
Street Furniture revenues for the first nine months of 2007 increased by 6.2% to €737.4 million. Excluding acquisitions and the impact of foreign exchange, organic revenues increased by 5.0%. Core advertising revenues, excluding revenues related to the sale, rental and maintenance of street furniture contracts, rose by 6.2% organically.
Billboard revenues for the first nine months of 2007 increased by 8.5% to €358.9 million. Excluding acquisitions and the impact of foreign exchange, organic revenues increased by 7.7% over the period.
In the third quarter, revenues increased by 7.6% to €116.7 million (+6.8% on an organic basis). The United Kingdom business, which produced double-digit organic revenue growth, reported the best performance overall, benefiting from a strong market outperformance, earlier investment in its high-quality “Premiere” advertising network and the recently-signed contract with BT payphones. Double digit growth was also recorded in Spain and Portugal while revenue progression was solid in Ireland. In France, revenues were slightly down over the quarter.
Commenting on the third quarter revenues, Jean-François Decaux, Chairman of the Executive Board and Co-CEO, said: “The growth of our Street Furniture business accelerated in the third quarter and we saw continued strong growth in Transport and Billboard. These strong revenues reflect factors which we also expect to support our longer-term growth, in particular: the outperformance of outdoor advertising compared to the advertising sector as a whole, encouragingly in some of the largest advertising markets in the world such as the US, UK and Germany; our well invested assets and innovative products supported by experienced management; and our emphasis in recent years on expansion in higher growth emerging markets including China.
Given our third quarter performance, we now expect that our organic revenue growth in 2007 will be slightly ahead of 8%, compared to our previously indicated range of 7-8%, reflecting ongoing strength in the Transport division, a stronger growth rate in Street Furniture and improved market conditions in France.”