(Boursier.com) — In the first quarter of 2023, the turnover of JCDecaux increased by +5.6%, +5% on an organic basis, to 721.3 ME.
This performance, which exceeded expectations, is based on strong digital revenue growth, an acceleration of growth throughout the quarter and, as expected, an inflection point observed from March in China .
Organic growth in the first quarter of 2023 amounted to +8.2% excluding China and -14% in China.
As for the second quarter, JCDecaux expects organic revenue growth of around +9%, driven mainly by strong digital growth and the gradual recovery of activity in China while commercial momentum remains solid. in most geographical areas.
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