Home > Newsroom > Archives > 2009 > 2008 revenues up 2.9% to €2,168.6 million, supported by solid organic revenue growth of 6.3%  
     
   
2000 2001 2002 2003
2004 2005 2006 2007
2008 2009 2010
16/12/2009
JCDecaux receives regulatory approval from German competition authorities to increase stake in Wall AG to majority shareholding of 90.1%
14/12/2009
JCDecaux Airport wins a 7-year contract to operate advertising media in Nice Côte d'Azur airport
23/11/2009
JCDecaux Airport extends its advertising concession contract for Biarritz Anglet Bayonne Airport to include exterior sites for 7 years
19/11/2009
JCDecaux renews and extends for 10-year its advertising bus-body contract in Shanghai
17/11/2009
JCDecaux wins the contract to provide a self-service bicycle hire scheme in Toyama (Japan)
17/11/2009
MCDecaux wins the street furniture contract for Kyoto (Japan)
04/11/2009
Third quarter 2009 revenues: €431.8 million. Organic revenue decrease of 12.1% reflecting challenging and volatile advertising conditions
15/09/2009
JCDecaux becomes majority shareholder of Wall AG Increasing holding to 90.1%
10/09/2009
100 million self-service bicycle rentals worldwide
31/07/2009
H1 2009 results: Results reflect unprecedented advertising market conditions
06/07/2009
q.media Decaux awarded advertising contract for the prestigious Villaggio mall in Qatar
26/05/2009
JCDecaux renews nine regional advertising Street Furniture contracts in France
14/05/2009
JCDecaux : appointment of Pierre Mutz to the Supervisory Board
11/05/2009
JCDecaux Airport and BAA joint announcement
06/05/2009
First quarter 2009 revenues: €424.6 million. Organic revenue decrease of 11.9%
27/04/2009
JCDecaux renews ten Street Furniture contracts in the Ile-de-France region
09/04/2009
JCDecaux repairs the street furniture in Strasbourg in 72 hours
06/04/2009
Aéroports de Paris, JCDecaux and LCI launch a new information programme at Paris airports
24/03/2009
JCDecaux Airport wins the 7-year contract for indoor and outdoor advertising operations at Toulouse Blagnac Airport
16/03/2009
New service for Aéroports de Paris passengers: mobile device recharging points provided by JCDecaux Airport and Samsung
11/03/2009
FY 2008 revenues and operating margin in line with expectations
03/03/2009
JCDecaux strengthens its position in Qatar
10/02/2009
A “first” in France: PagesJaunes Groupe and JCDecaux Airport make local information available in Paris airports and five regional airports
04/02/2009
JCDecaux wins the competitive tender for a self-service bicycle scheme in the Brussels Region
29/01/2009
2008 revenues up 2.9% to €2,168.6 million, supported by solid organic revenue growth of 6.3%
26/01/2009
JCDecaux announces the creation of JCDecaux OneWorld
07/01/2009
JCDecaux renews and extends the advertising street furniture contract with the Urban Community of Marseille
:: Back
 

Archives

29/01/2009
2008 revenues up 2.9% to €2,168.6 million, supported by solid organic revenue growth of 6.3%

Paris, 29 January 2009 - JCDecaux SA (Euronext Paris: DEC), the number one outdoor advertising company in Europe and Asia-Pacific and the number two worldwide, announced today 2008 revenues of €2,168.6 million, an increase of 2.9% compared with 2007. Excluding acquisitions and the impact of foreign exchange, organic revenue growth was 6.3%, again significantly outperforming the global advertising market in 2008. Double-digit organic revenue growth was reported in Transport, while Street Furniture achieved robust mid-single digit organic revenue growth. Despite a highly challenging second half of the year, Billboard organic revenue growth was slightly positive. Although revenue growth has mainly been driven by emerging markets, mature markets such as France and North America delivered strong performances. While the businesses in the UK and Spain were affected by a very difficult macro environment, they still outperformed their domestic outdoor advertising markets.

In the fourth quarter, revenues grew by 1.0% to €605.4 million (+1.7% on an organic basis) compared to the same period last year. Organic revenues grew faster than reported revenues during the fourth quarter due to negative foreign exchange variations, mainly the continued weakening of the British pound versus the euro, which was not totally offset by the recovery of the US dollar, the Chinese Yuan and the Hong Kong dollar. Lower organic revenue growth in the fourth quarter has been reported in all divisions and geographies reflecting the extraordinarily difficult market conditions following the deepening of the financial crisis in September and a strong reduction in trading visibility.

By activity:

Full Year Revenues 2008
(€m)
2007
(€m)
Reported growth (%) Organic growth(1) (%)
1,063.5 1,042.8 2.0% 4.5%
Transport 629.0 574.1 9.6% 14.4%
Billboard 476.1 489.7 - 2.8% 0.6%
Total Group 2,168.6 2,106.6 2.9% 6.3%
Q4 Revenues 2008
(€m)
2007
(€m)
Reported growth (%) Organic growth(1) (%)
Street Furniture 304.9 305.4 - 0.2% 1.5%
Transport 176.4 163.5 7.9% 4.2%
Billboard 124.1 130.8 - 5.1% - 1.2%
Total Group 605.4 599.7 1.0% 1.7%

By geographic area:

Full Year Revenues 2008
(€m)
2007
(€m)
Reported growth (%) Organic growth(1) (%)
Europe (2) 781.4 759.0 3.0% 4.0%
France 617.6 589.1 4.8% 4.8%(3)
Asia-Pacific 322.4 285.5 12.9% 16.5%
United Kingdom 246.8 301.4 - 18.1% - 4.7%
North America 156.4 153.4 2.0% 8.8%
Rest of the world 44.0 18.2 141.8% 147.7%
Total Group 2,168.6 2,106.6 2.9% 6.3%
(1) Excluding acquisitions/divestitures and the impact of foreign exchange
(2) Excluding France and the United Kingdom
(3) Core advertising revenues in France increased by 4.1% organically in 2008

Street Furniture revenues for the full year grew by 2.0% to €1,063.5 million. Excluding acquisitions and the impact of foreign exchange, organic revenue growth was 4.5%. Core advertising revenues, excluding revenues related to the sale, rental and maintenance of Street Furniture contracts, increased by 3.7% organically.In the fourth quarter, revenues decreased by 0.2% to €304.9 million (+1.5% on an organic basis) compared to the same period last year. Core advertising revenues, excluding revenues related to the sale, rental and maintenance of street furniture contracts rose by 0.8% organically. The Street Furniture division benefitted from the robust mid single-digit organic revenue growth achieved in France and from the increased contribution of the Middle East. However, low double-digit organic revenue decrease was reported in North America over the quarter while Spain and the United Kingdom reported high-single digit revenue decreases.

Transport revenues for the full year increased by 9.6% to €629.0 million. Excluding acquisitions and the impact of foreign exchange, organic revenues grew by 14.4%.In the fourth quarter, revenues increased by 7.9% to €176.4 million (+ 4.2% on an organic basis). Reported revenues grew faster than organic revenues over the period as a consequence of the recovery of the US dollar, Chinese Yuan and Hong Kong dollar. The growth of the transport division was driven by the ramp up of revenues from new contracts mainly in Belgium, India, the United Arab Emirates and Algeria. Organic revenues continued to grow in mainland China albeit at a slower rate given the more difficult environment in the region.

Billboard revenues for the full year decreased by 2.8% to €476.1 million. Excluding acquisitions and the impact of foreign exchange, organic revenues grew by 0.6%. In the fourth quarter, revenues decreased by 5.1% to €124.1 million (- 1.2% on an organic basis). France and the United Kingdom reported flat organic revenue growth while organic revenues declined by around 20% in Spain and Italy over the quarter.

Commenting on the Group’s 2008 revenue performance, Jean-Charles Decaux, Chairman of the Executive Board and Co-CEO, said:“Despite an increasingly difficult economic environment, JCDecaux delivered a stronger than anticipated performance in the fourth quarter, leading to a solid organic growth rate of 6.3% for the year, ahead of the revised guidance given in November 2008. As a result, we now expect the 2008 operating margin to be marginally below that achieved in 2007. JCDecaux once again outperformed both the global and outdoor advertising markets confirming the quality of its existing and newly built advertising assets and the well balanced geographical and product revenue mix. This revenue growth demonstrates the strength of outdoor advertising which, with the fragmentation of traditional media, remains the only true mass media delivering increased audiences at attractive prices. It also reflects the professionalism and commitment of our teams around the world. The volatility and reduced visibility experienced in the fourth quarter is continuing in 2009 and, as indicated previously, it is now certain that the year will be very challenging. While we will intensify our tight cost management, we will continue to invest selectively to strengthen our footprint and leadership position.

Next information: 2008 Annual Results: 11 March 2009 (before market)



:: 2008 revenues up 2.9% to €2,168.6 million, supported by solid organic revenue growth of 6.3% (77 Ko)

Printable format