JCDecaux: H1 net income soars 87%
(CercleFinance.com) - JCDecaux announces H1 2019 net income, group share of 96 million euros, up 86.
8%, with adjusted operating income before impairment charges of 136.1 million, up 58.6%.
The outdoor advertising group's adjusted revenues increased by 12.1% to 1,842.3 million euros, benefiting from the acquisition of APN Outdoor and organic growth of 5.2% (with 5.1% growth in the second quarter).
For the third quarter of 2019, JCDecaux expects flat adjusted organic sales compared to the same period of 2018, which it says is due to a fall in sales in China and now Hong Kong, despite growth at airports.
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8%, with adjusted operating income before impairment charges of 136.1 million, up 58.6%.
The outdoor advertising group's adjusted revenues increased by 12.1% to 1,842.3 million euros, benefiting from the acquisition of APN Outdoor and organic growth of 5.2% (with 5.1% growth in the second quarter).
For the third quarter of 2019, JCDecaux expects flat adjusted organic sales compared to the same period of 2018, which it says is due to a fall in sales in China and now Hong Kong, despite growth at airports.
Copyright (c) 2019 CercleFinance.com. All rights reserved.