(AOF) – JCDecaux recorded an increase of 5.8% in its adjusted turnover in the third quarter of 2023 to 855 million euros. Internal growth for the outdoor communications specialist stood at 8.4%. JCDecaux benefited from the good difference in the Transport activity, which posted internal growth of 15.4% and 302.1 million euros in revenue. Street Furniture recorded organic growth of 5.3% and 432 million euros in revenue. Finally, Display experienced organic growth of 2.5% to 120,
“While the slow recovery continued in China, our revenue outside China in the third quarter increased by 9.9% organically and exceeded its 2019 level for the first time. This performance was driven by the strong growth of digital, the solid recovery of transport and the continued growth of street furniture”, commented Jean-François Decaux, Chairman of the Management Board and Co-Chief Executive Officer of JCDecaux.
“As for the fourth quarter, we now expect organic revenue growth of around 6%, driven in part by the continued recovery in transport,” said the manager.
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