JCDecaux: Q3 sales down 37.9%
(CercleFinance.com) - Outdoor advertising group has reported Q3 adjusted sales of 5,641.
2 million euros, down 37.9% on an organic basis (-41.5% as reported).
The transport business recorded the sharpest decline (-52% on an organic basis), ahead of Billboards (-28.7%) and Street Furniture (-26.5%).
The trend over the first nine months was broadly similar, with a 39.9% organic fall in revenue.
There was a sequential improvement in Q3 2020 (-37.9%, vs. -63.4% in Q2 2020), although the group remains heavily affected by the Covid-19 pandemic.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
2 million euros, down 37.9% on an organic basis (-41.5% as reported).
The transport business recorded the sharpest decline (-52% on an organic basis), ahead of Billboards (-28.7%) and Street Furniture (-26.5%).
The trend over the first nine months was broadly similar, with a 39.9% organic fall in revenue.
There was a sequential improvement in Q3 2020 (-37.9%, vs. -63.4% in Q2 2020), although the group remains heavily affected by the Covid-19 pandemic.
Copyright (c) 2020 CercleFinance.com. All rights reserved.