JCDecaux: 2.5-fold increase in H1 net income
(CercleFinance.com) - JCDecaux has reported a 149.
6% jump in H1 2024 net income (group share) to E94.4m and a 28.7% increase in its adjusted operating profit to E261.4m.
Adjusted sales for the outdoor advertising group rose by 14% to almost E1.81bn, with adjusted organic sales up 13.4% (including +15.4% in Q2, above expectations).
JCDecaux now forecasts organic sales growth of around +10% in Q3, driven by continued strong growth in digital sales in all business segments, and with a positive impact in France from the Paris Olympic Games.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
6% jump in H1 2024 net income (group share) to E94.4m and a 28.7% increase in its adjusted operating profit to E261.4m.
Adjusted sales for the outdoor advertising group rose by 14% to almost E1.81bn, with adjusted organic sales up 13.4% (including +15.4% in Q2, above expectations).
JCDecaux now forecasts organic sales growth of around +10% in Q3, driven by continued strong growth in digital sales in all business segments, and with a positive impact in France from the Paris Olympic Games.
Copyright (c) 2024 CercleFinance.com. All rights reserved.