(CercleFinance.com) – JCDecaux reported record turnover for the fourth quarter on Thursday, driven by its digital activities and the solid recovery in the transport sector.
The world number one outdoor advertising company recorded the highest turnover in its history over the last three months of the year, at 1.13 billion euros, representing organic growth of 10.3%. and 9.4% in published data.
Over the entire 2023 financial year, its turnover increased by 7.6% (+8.7% organically) to 3.57 billion euros.
Asia-Pacific, the United Kingdom and North America recorded double-digit growth rates, while France and Europe exceeded their 2019 revenue levels, before the crisis. Covid, he specifies in a press release.
JCDecaux specifies that Asia, on the other hand, remained lagging behind, mainly due to China, even if the recovery in activity continued at a better pace in the country in the fourth quarter.
The group plans to reveal its revenue expectations for the first quarter of 2024 on the occasion of the publication of our 2023 annual results, scheduled for March 7.
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