JCDecaux UK revenue rises 13.5% in first half

UK revenue at outdoor media owner JCDecaux was up 13.5% in the first six months of 2010, and has rocketed by 51.3% once the integration of Titan assets are included.

JCDecaux: UK revenue rises in first half
JCDecaux: UK revenue rises in first half

According to JCDecaux's half-yearly results, revenue in the UK was £125m, up 13.5% excluding acquisitions and divestitures and the impact of foreign exchange.

The outdoor company expanded its business in January this year by acquiring rail and retail assets from Titan Outdoor after its rival went into administration.

Total group revenue, excluding acquisitions and divestitures and the impact of foreign exchange, was £1.1bn, up 8.7% year on year. JCDecaux's worldwide earnings before interest and tax (EBIT) increased by 129.7% to €113.7m from €49.5m in 2009.

Worldwide revenue at JCDecaux’s street furniture division, mainly six-sheets on bus stops, was £550.1m in the first six months of 2009, up 21% year on year.

JCDecaux said all geographies recorded second quarter revenue growth in street furniture with leading performances in France, the UK North America and Asia-Pacific.

Worldwide revenue from the transport division was £350.8m in the six months to 30 June, up 21% year on year, though the UK was the only European market not to return to organic growth in the second quarter.

Group revenue at the billboard division of JCDecaux benefited from the strong rebound in organic revenues in the UK. Worldwide billboard revenue was £209.7, up 10% year on year.

Jean-Charles Decaux, chairman of the board and co-chief executive, said: "Our H1 2010 numbers reflect a clear improvement in organic revenues driven by our key markets – France, the United Kingdom, China and the US – as advertisers raised their levels of spending and increasingly favoured the quality of JCDecaux’s portfolio.

"While the potential impact of austerity measures on consumption and the global economy remains unclear, short term trading conditions continue to be positive in most markets.

"As a consequence we anticipate for the third quarter of 2010 organic revenue growth to be at least in line with Q2 despite less favourable comparables."

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