(CercleFinance.com) – Adjusted turnover increased by +5.8% to 855.0 million euros in the third quarter of 2023 compared to 808.4 million euros in the third quarter of 2022.
On an organic basis (ie excluding the negative impact of 33.4 million euros linked to the variation in exchange rates and the positive impact of 12.2 million euros due to variations in scope this quarter), the figure adjusted revenue is up +8.4%.
The adjusted turnover of the Street Furniture activity increased by +4.7% to 432.0 million euros (+5.3% organically), a level significantly higher than that of 2019.
Transport activity remains significantly below the 2019 level, mainly due to China. France, the Rest of the World and North America (excluding the non-renewal of the New York airports contract) are significantly higher than 2019 levels. Adjusted revenue for the third quarter is up +8, 8% to 302.1 million euros, +15.4% organically.
For the Display activity, adjusted turnover increased by +2.3% to €120.8 million, +2.5% organically, with double-digit growth for the United Kingdom and solid single-digit growth for Asia-Pacific.
Organic adjusted revenue growth in the fourth quarter of 2023 is expected at around +6%.
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