JCDecaux: net income of 258.9 ME for 2024

(CercleFinance.com) - Group sales for 2024 rose by +10.
2%, +9.7% organically, to 3,935.3 million euros.

"While digital grew strongly, analog sales were very robust, with mid-single-digit growth, despite the conversion of some premium sites to digital" says the Group.

Over the full year 2024, operating margin improved by 101.4 million euros to 764.5 million euros (vs. 663.1 million euros in 2023), up +15.3% year-on-year.

Operating income rose by +44.8%, or +126.5 million euros, to 408.7 million euros.

Net income rose by +23.8% to 258.9 million euros, up 36.8% to 281.5 million euros before depreciation.

'The improvement was driven by a solid operating performance and the capital gain on the APG|SGA transaction', says the Group.

Excluding non-recurring items such as the capital gain on APG|SGA, net income, Group share, also rose by 38% year-on-year.

'We expect organic sales growth of around +5% in the first quarter. In the future, building on this strong sales momentum, we are targeting an operating margin of over 20% and free cash flow in excess of 300 million euros by 2026' adds management.

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