(Boursier.com) — JCDecaux jumped 6% to 19.1 euros after reporting growth of 9.4% in its turnover in the fourth quarter, driven in particular by the dynamism of the Digital division and the resumption of transport activities. Adjusted turnover for the period reached 1.1 billion euros, the highest quarterly turnover in the history of the street advertising furniture specialist.
Oddo BHF speaks of a very good quarter. The analyst reiterates his ‘outperformance’ opinion on the stock, which is based on good momentum in 2024 supported by European and street furniture activity, but not on a strong rebound scenario in China. This constitutes an additional catalyst that the broker has not yet integrated into its estimates. The recovery of China’s transportation segment reached a faster pace in the fourth quarter, according to Deutsche Bank (‘buy’). All businesses experienced positive organic growth, driven by the continued recovery in global mobility and growth in digital revenues.
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