JCDecaux: the Court of Appeals of Paris reverses the decision of the Competition Council
- Paris
Paris, February 23, 2006 – JCDecaux SA (Euronext Paris : DEC) has been informed of the judgment rendered on February 21 by the Court of Appeals of Paris which reverses the Competition Council’s decision of June 30, 2005.
On that date, the Council had condemned five of the Group’s companies to pay fines totaling €10 million for failure to comply with injunctions enacted by the Council in 1998. The Council imposed these injunctions in connection with certain provisions contained in the former street furniture contracts, while recognizing that the contracts signed since 1998 were exempt from the challenged clauses.
The Court of Appeals cleared of all charges four of the five companies condemned by the Council (JCDecaux SA, SOMUPI, SOPACT, SEMUP).
The court found that the fifth company of the Group (JCDecaux Mobilier Urbain) abided by three of the four injunctions enacted in 1998.
The Court reduced the fine from €10 million to €2 million.
Key figures
- 2005 revenues: €1,745.2m
- JCDecaux is listed on the Eurolist of the Euronext Paris stock exchange, and is part of the Euronext 100 and FTSE4Good indices
- N°1 worldwide in street furniture (318,000 advertising faces)
- N°1 worldwide in airport advertising with 153 airports and more than 300 transport contracts in metros, buses, trains and tramways (207,000 advertising faces)
- N°1 in Europe for billboards (190,000 advertising faces)
- N°1 outdoor advertising company in China (79,000 advertising faces in 20 cities)
- 715,000 advertising faces in 45 countries
- Present in 3,400 cities with over 10,000 inhabitants
- 7,900 employees