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JCDecaux: stock down as organic growth set to slow

( - JCDecaux shares are down over 8% on Thursday after the group predicted a clear slowdown in its organic growth in Q3.

In a statement, the outdoor advertising company said that it only expected organic revenue growth of around 7% in the current quarter, due to the negative impact of health restrictions in China.

In comparison, over the first six months of the year the group's revenues reached 1,474.8 million euros, up 36.3%, including organic growth of 31.7%.

In Q2, business grew by 21.6% on an organic basis, a performance that exceeded the company's initial expectations.

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