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  • Paris, 26 July 2006 – 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 six months ended 30 June 2006, reporting a 13.4% increase to €945.8 million compared to the same period last year. Excluding acquisitions and the impact of foreign exchange, organic revenue growth was 7.6%.
  • In the second quarter, consolidated revenues grew by 10.9% to €503.6 million (+7.2% on an organic basis) compared to the same period last year. This growth in revenues reflects very good progress in Transport, which continued to show strong organic growth, and a solid performance from Street Furniture.
  • Geographically, Europe - excluding the UK - produced solid organic revenue growth and the Group reported strong performances in its newer territories of North America, Asia-Pacific and the Rest of the World.
  • By activity:
  • Reported revenues
  • (€M)

    2006

    2005

    • Change
    • 06/05 (%)

    Q1

    Q2

    H1

    Q1

    Q2

    H1

    Q1

    Q2

    H1

    Street Furniture

    227.5

    258.2

    485.7

    211.9

    243.0

    454.9

    7.4%

    6.3%

    6.8%

    Billboard

    103.9

    118.5

    222.4

    99.0

    115.4

    214.4

    5.0%

    2,7%

    3.7%

    Transport

    110.8

    126.9

    237.7

    68.8

    95.6

    164.4

    61.0%

    32,7%

    44.6%

    Total

    442.2

    503.6

    945.8

    379.7

    454.0

    833.7

    16.5%

    10.9%

    13.4%

  • Organic growth (1)
  • (€M)

    • Change
    • 06/05 (%)

    Q1

    Q2

    H1

    Street Furniture

    5.4%

    5.9%

    5.6%

    Billboard

    4.2%

    3.5%

    3.8%

    Transport

    21.3%

    15.2%

    17.8%

    Total

    8.0%

    7.2%

    7.6%

  • By geographic area:
  • Revenues

    • H1 2006
    • (m€)
    • H1 2005
    • (m€)
    • Reported growth
    • (%)
    • Organic growth(1)
    • (%)

    France

    294.7

    278.7

    5.7%

    5.7%

    United Kingdom

    125.2

    124.4

    0.6%

    1.0%

    Rest of Europe

    338.3

    320.7

    5.5%

    4.8%

    Asia-Pacific

    116.1

    61.1

    90.0%

    18.6%

    North America

    64.5

    44.7

    44.3%

    37.8%

    Rest of the world

    7.0

    4.1

    70.7%

    46.8%

    Total Group

    945.8

    833.7

    13.4%

    7.6%

(1) excluding acquisitions/divestitures, the impact of foreign exchange and the revenue reclassification of some activities in 2006.

Street Furniture revenues for the first half of 2006 increased by 6.8% to €485.7 million from €454.9 million in the first half of last year. Excluding acquisitions and the impact of foreign exchange, organic revenues grew by 5.6%. Core advertising revenues, excluding revenues related to the sale, rental and maintenance of street furniture products, rose by 5.0% organically.

In the second quarter, revenues increased by 6.3% to €258.2 million (+5.9% on an organic basis) compared to the same period last year. The Street Furniture market continued to rebound in France, which reported solid organic revenue growth for the third consecutive quarter. Revenues also improved in the United Kingdom, where sound growth was achieved, while Italy, Sweden, Austria and Eastern Europe reported double-digit revenue increases. Market conditions remained challenging in Belgium and Spain as well as in Germany, where the World Cup did not provide any particular benefit to Street Furniture revenues. In North America, Asia-Pacific and the Rest of the World, revenues recorded double-digit growth.

Billboard revenues for the first half increased by 3.7% to €222.4 million from €214.4 million in the same period last year. Excluding acquisitions and the impact of foreign exchange, organic revenues increased by 3.8% over the period.

In the second quarter, revenues increased by 2.7% to €118.5 million (+ 3.5% on an organic basis). Market conditions proved very favorable in Austria and Portugal, which reported double-digit revenue growth over the period, as well as in several Eastern European countries. Sound growth was also achieved in the United Kingdom and Ireland. However, market conditions remained challenging in Belgium, Italy and France.

Transport revenues rose by 44.6% to €237.7 million from €164.4 million in the first half of last year, following the 2005 acquisitions of MediaNation and Media Partners International in China. Excluding acquisitions and the impact of foreign exchange, organic revenues rose by 17.8%, with strong increases in most countries.

In the second quarter, revenues increased by 32.7% to €126.9 million (+15.2% on an organic basis). Double-digit organic revenue growth was achieved in many European countries including France, Denmark, Spain and Germany, where revenues from Frankfurt Airport, contrary to Street Furniture, were boosted by the World Cup. Strong revenue increases were also reported in Norway, Sweden, Chile and Portugal while revenues from the United-Kingdom were down.

  • Commenting on the first half revenues, Jean-Charles Decaux, Chairman of the Board and co-Chief Executive Officer, said: “As anticipated, our second quarter revenues showed good organic growth, reflecting a solid performance from the Street Furniture division, a useful improvement in Billboard revenues and a continued double-digit increase from our Transport division.
  • The strong revenue increase from Transport advertising, the overall improvement in the French advertising market compared to 2005, as well as the good progress of our North American and Asia-Pacific operations, should continue fuelling our organic revenue growth, which we still expect to exceed 6% for 2006 - comfortably ahead of forecasts for growth in the worldwide advertising market.”
  • Next information:
  • 2006 Half Year Results: 13 September 2006 (before market)

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 panels)
  • N°1 worldwide in airport advertising with 153 airports and more than 300 transport contracts in metros, buses, tramways and trains (207,000 advertising panels)
  • N°1 in Europe for billboards (190,000 advertising panels)
  • N°1 in outdoor advertising in China (79,000 advertising panels in 20 different cities)
  • 715,000 advertising panels in 46 countries
  • Present in 3,400 cities with over 10,000 inhabitants
  • 7,900 employees

Contacts

Communication Department :Albert Asséraf+33 1 30 79 37 35communication-jcdecaux@jcdecaux.com
Investor Relations :Rémi Grisard+33 1 30 79 79 93remi.grisard@jcdecaux.com

Published in Investors