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JCDecaux reports 2% increase in revenue, with street furniture accounting for most of the growth

JCDecaux has today released their end of year figures, reporting revenue up two per cent to €2,676.2m, but -€26.3m loss in net financial income.

JCDecaux has put the net financial income loss down to “the net interest cost on the €500m bond issue completed in February [2013] and the integration of Russ Outdoor.”

Organic revenue growth of 1.2 per cent was mainly driven by the company’s street furniture segment, which showed good growth in H2 reflecting some underlying improvement in most of JCDecaux’s European markets.

Organic revenue growth in the transport segment was limited in 2013, which the company put down to a difference from the Olympic Games in 2012 and the loss of some contracts at the end of 2012.

JCDecaux has 480,400 street furniture advertising panels.

Jean-François Decaux, chairman of the executive board and co-CEO of JCDecaux, said: “JCDecaux achieved another year of record revenues and operating margin in 2013, as well as record EBIT before impairment charges. In the context of a modest European economic improvement in the second half after a prolonged crisis, we have proven once again the strength of our business model with 32 per cent of our revenues coming from fast-growing countries and seven per cent from our premium digital portfolio still largely focused in three countries including the UK, where digital already represents 20 per cent of revenues.

“As far as Q1 2014 is concerned, bearing in mind the limited visibility and continued volatility in most markets, we currently anticipate a slight increase in organic revenues.”

Q1 results for the outdoor advertising company will be out on 6 May 2014.

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