Paris, 25 October 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 nine months ended 30 September 2006, reporting a 12.6% increase to €1,382.1 million compared to the same period last year. Excluding acquisitions and the impact of foreign exchange, organic revenues rose by 7.8% for the first nine months of 2006.
In the third quarter, revenues increased by 10.8% to €436.3 million. Excluding acquisitions and the impact of foreign exchange, organic revenues increased by 8.3%. These results reflect the continued strong growth of Transport, the sound performance of Street Furniture and the good progress of Billboard, which reported double digit organic revenue growth in the quarter.
in million € | Q1 | Q2 | Q3 | 9 months |
|
|
Street Furniture | 227.5 | 258.2 | 208.6 | 694.3 | 3.5% | 5.8% |
Billboard | 103.9 | 118.5 | 108.5 | 330.9 | 13.0% | 6.6% |
Transport | 110.8 | 126.9 | 119.2 | 356.9 | 23.8% | 36.9% |
Total Group | 442.2 | 503.6 | 436.3 | 1 382.1 | 10.8% | 12.6% |
(in million €) | Change (%) | |
|
| |
Street Furniture | 3.8% | 5.1% |
Billboard | 13.7% | 6.9% |
Transport | 12.1% | 15.7% |
Total Group | 8.3% | 7.8% |
Street Furniture revenues for the first nine months of 2006 increased by 5.8% to €694.3 million. Excluding acquisitions and the impact of foreign exchange, organic revenues increased by 5.1%. Core advertising revenues, excluding revenues related to the sale, rental and maintenance of street furniture contracts, rose by 4.9% organically.
In the third quarter, revenues increased by 3.5% to €208.6 million (+3.8% on an organic basis) compared to the same period last year. Core advertising revenues, excluding revenues related to the sale, rental and maintenance of street furniture contracts, rose by 4.7% organically. In Europe, double digit revenue increases were reported in Spain, Austria, The Netherlands as well as in Germany and Italy, while in France, advertising revenues continued to grow. In Asia and the Rest of the World, double digit revenue growth was maintained while revenues from North America enjoyed sound progression.
Billboard revenues for the first nine months of 2006 increased by 6.6% to €330.9 million. Excluding acquisitions and the impact of foreign exchange, organic revenues increased by 6.9% over the period.
In the third quarter, revenues increased by 13.0% to €108.5 million (+13.7% on an organic basis). The Group produced double digit revenue growth in its key billboard markets including France, the United Kingdom, Austria and Portugal.
In the third quarter, revenues increased by 23.8% to €119.2 million. Organic revenue growth reached 12.1% over the period. Double-digit organic revenue growth was achieved in a number of key markets including France, Germany, Spain, Portugal, and the United States, where revenues were boosted by the renewed and extended contract with the New York Airports. Solid revenue increases were also reported in Austria and Italy, while market conditions remained challenging in the United Kingdom.
Commenting on the third quarter revenues, Jean-Charles Decaux, Chairman of the Executive Board and Co-CEO, said: “We are very pleased to report group organic revenues growing in high single digits for the third consecutive quarter. This progression reflects a strong revenue improvement in Billboard, further double-digit growth in Transport revenues and sound advertising revenue growth from Street Furniture. While market conditions improved in many countries including France, our revenue growth outperformed overall advertising markets reflecting our investment in both high quality advertising networks and strong sales and marketing teams.The double-digit 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 be above 6% for 2006 - comfortably ahead of forecasts for growth in the worldwide advertising market.”