JCDecaux sees slight increase in first quarter revenue
Outdoor advertising firm says it anticipates a slight increase in organic revenues
Advertising posters are seen at a JCDecaux depot. JCDecaux is the world’s second-largest seller of outdoor advertising. Photograph: Fabrice Dimier/Bloomberg
Outdoor advertising specialist JCDecaux forecast a slight increase in first-quarter organic revenue today and raised its dividend on last year’s earnings by 9 per cent.
The company said 2013 operating profit rose 3.6 per cent to €623.6 million, while earnings before interest and tax (EBIT) before impairment charges rose 10 per cent to €351.6 million.
“We continue to focus on organic growth and to selectively invest in value accretive acquisitions,” co-chief executive Jean-Francois Decaux said in a statement.
“As far as Q1 2014 is concerned, bearing in mind the limited visibility and continued volatility in most markets, we currently anticipate a slight increase in organic revenues.” (Reuters)