- JCDecaux’s organic adjusted revenue increased by 5.5%, surpassing the estimated growth of 4.72%.
- Total adjusted revenue for the first quarter is reported at €858 million, marking a 7% year-on-year rise, which exceeded the estimate of €839.5 million.
- Street Furniture segment achieved a 5.3% rise in organic adjusted revenue, contributing to an overall adjusted revenue of €422.5 million, a 5.4% increase compared to the previous year.
- The Transport segment reported a 6.1% growth in organic adjusted revenue, with total adjusted revenue reaching €315 million, up 9.3% year-on-year and above the forecast of €306.5 million.
- Billboard segment saw a 4.6% rise in organic adjusted revenue, achieving an overall adjusted revenue of €120.5 million, a 7% growth year-on-year, outperforming the estimate of €115.3 million.
- The company anticipates low single-digit organic revenue growth in the second quarter due to economic and geopolitical uncertainties, despite activity related to the Paris Olympic Games and UEFA Euro 2024 last year.
- Street Furniture is expected to show mid-single-digit growth, while Transport and Billboard are predicted to remain flat in the upcoming period.
- Digital revenue growth in the first quarter was strong at 17%, with an organic increase of 15.8% and programmatic digital out-of-home media revenue rising by 29.9%.
- Street Furniture’s growth was mainly driven by performance in the Rest of Europe, North America, and the Rest of the World.
- In the Transport segment, the UK, Rest of Europe, and North America were key growth drivers, although Asia-Pacific’s growth was low, with China remaining flat.
- Billboard growth benefited from its most digitized markets.
- Current analysis includes 4 buy ratings, 10 hold ratings, and 0 sell ratings on JCDecaux’s stock.
A look at JCDecaux SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to the Smartkarma Smart Scores, JCDecaux SA is positioned for strong long-term growth, with a high score of 5 in the Growth category. This indicates that the company is expected to expand and increase its market presence over time. In addition, JCDecaux SA has shown solid momentum with a score of 4, suggesting that the company is on a positive trajectory. While the company’s Value and Resilience scores are moderate at 3, its Dividend score is lower at 1, indicating a lower focus on dividend payouts.
Overall, JCDecaux SA, a company that offers advertising services on various platforms such as street furniture, billboards, buses, trains, and airports, seems well-positioned for growth and has exhibited positive momentum. Investors may find JCDecaux SA attractive for its potential for long-term expansion and market development based on its strong Growth and Momentum scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
