- Paris, 1 February 2006 - JCDecaux SA (Euronext Paris: DEC), the number one outdoor advertising company in Europe and number two worldwide, today announced 2005 revenues of €1,745.2 million, an increase of 7.2% compared with 2004. Organic revenue growth of 4.0% for the year, excluding acquisitions and the impact of foreign exchange, reached the upper range of the last guidance given in October.
- These results were driven by sound organic revenue growth in Street Furniture and a very good performance in Transport, which grew by double digits over the period, while Billboard declined slightly.
- While revenues slightly decreased in France over the period, revenue growth was solid in other European countries and strong in North America and Asia-Pacific. JCDecaux continued its expansion in Asia, particularly in the rapidly growing Chinese economy. The highest organic revenue increase was achieved in South America, reported under Rest of the world.
- By activity:
Full Year Revenues | | | | |
Street Furniture | 925.3 | 882.0 | 4.9% | 3.8% |
Billboard | 428.3 | 432.6 | -1.0% | -1.2% |
Transport | 391.6 | 312.7 | 25.2% | 11.7% |
Total Group | 1,745.2 | 1,627.3 | 7.2% | 4.0% |
Q4 Revenues | | | | |
Street Furniture | 268.8 | 258.7 | 3.9% | 1.6% |
Billboard | 117.9 | 115.0 | 2.5% | 1.8% |
Transport | 130.9 | 88.9 | 47.2% | 15.6% |
Total Group | 517.6 | 462.6 | 11.9% | 4.3% |
- By geographic area:
Full Year Revenues | | | | |
France | 555.0 | 559.8 | -0.9% | -0.9% |
United Kingdom | 258.5 | 245.0 | 5.5% | 4.9% |
Rest of Europe | 637.4 | 612.3 | 4.1% | 4.9% |
Asia-Pacific | 172.7 | 103.0 | 67.7% | 14.0% |
North America | 110.9 | 99.7 | 11.2% | 11.1% |
Rest of the world | 10.7 | 7.5 | 42.7% | 27.1% |
Total Group | 1,745.2 | 1,627.3 | 7.2% | 4.0% |
(1) excluding acquisitions/divestitures, the impact of foreign exchange and the revenue reclassification of some activities in 2005
- Street Furniture revenues grew by 4.9% to €925.3 million. Excluding acquisitions and the impact of foreign exchange, organic revenue growth was 3.8%. Core advertising revenues, excluding revenues related to the sale, rental and maintenance of Street Furniture contracts, increased by 3.6% organically.
- The division reported good growth overall, despite a slight decrease in revenues in France, where the advertising market was particularly difficult in 2005. Revenues grew by double digits in Scandinavia, as well as in the United Kingdom, which benefited from a particularly strong first half. Good growth was also achieved in the Netherlands and Germany, which enjoyed better market conditions for the second year in a row.
- Revenues in North America continued to grow by double digits as well as in Asia-Pacific, with Korea, Japan and Thailand reporting the highest revenue increases over the period.
- Billboard revenues decreased by 1.0% to €428.3 million. Excluding acquisitions and the impact of foreign exchange, organic revenues decreased by 1.2%.
- While market conditions remained very strong in Ireland and, to a lesser extent, in Portugal, which reported robust growth, most European countries suffered from weak demand over the period, particularly during the summer season. However, a slight improvement was reported in the Group’s key markets in the fourth quarter.
Transport organic revenues, excluding acquisitions and the impact of foreign exchange, grew strongly by 11.7% over the period. Reported revenues increased by 25.2% to €391.6 million, following the acquisition of MediaNation and Media Partners International in China, which added subway and bus advertising contracts to the Group portfolio. Spain, Germany, Norway, Hong Kong and Chile grew by double digits over the period and very strong growth was recorded in the United Kingdom, Austria, Italy and the United States, where revenues increased significantly in the second half. In France, while there was little growth in revenues over the year, improvement was seen in the fourth quarter.
Commenting on the Group’s 2005 revenue performance, Jean-François Decaux, Chairman of the Executive Board and Co-CEO, said: “With a stronger than expected fourth quarter, JCDecaux achieved a sound organic revenue growth of 4% in 2005, despite a softening advertising environment in some European countries, especially in France. The performance across our three business sectors differed markedly, with a difficult year in Billboard more than offset by solid growth in Street Furniture and a record performance in our Transport business. 2005 was also the year of JCDecaux’s fast development in the rapidly growing Chinese market. Following the acquisition of three companies and the winning of major new contracts, the Company is today the number one outdoor advertising operator in China. Our increased exposure to Asia-Pacific, and, to a lesser extent, to the United States where the Group achieved double-digit organic revenue growth, offset the weakness of some Western European markets. On the basis of these figures, we can confirm our October targets for the full year 2005 results.”
- Next information:
- 2005 Annual Results: 15 March 2006 (before market)