JCDecaux to appeal decision of the French Competition Council
- Paris
Paris, 4 July 2005 – JCDecaux SA (Euronext Paris: DEC) has received a decision of the “Conseil de la Concurrence” (French Competition Council) with respect to contractual clauses in its French contracts. The Council imposed fines on several French companies in the JCDecaux Group, which aggregate €10 million. This decision follows a 1998 ruling which required the Group to amend its renewal clauses in its French contracts relating to the street furniture sector. At that time no fine was imposed. The Group believes that it has complied with this ruling since 1998, and that all of its contracts are consistent with all competition rules and regulations. JCDecaux will appeal the decision.
Key figures
2004 revenues: €1,627.3 million ; Q1 2005 revenues . : €379.7 million JCDecaux is listed on the Eurolist of Euronext Paris and is part of the Euronext 100 and FTSE4Good indexes N°1 worldwide in street furniture (311,000 faces) N°1 worldwide in airport advertising with 155 airports and more than 150 transport contracts in metros, buses, trains and tramways (208,000 faces) N°1 in Europe for billboards (197,000 faces) 716,000 advertising faces in 45 countries Present in 3,500 cities with more than 10,000 inhabitants 7,500 employees