JC Decaux Reports Half Year Results

JC Decaux released their financial results for the first half of 2021.  Most interesting was their adjusted revenue results that they provided by category and geography:

 

Insider’s Take:  Street Furniture, their largest revenue segment, has seen the strongest overall rebound, with Transportation advertising the slowest to recover.  Insider was intrigued that their North American revenue has struggled the most with recovery from Covid. Management indicated a strong North America rebound in Billboards but Transport continued to be affected significantly by air traffic restrictions in the first half of 2021. Most significantly their North America Street Furniture segment was their only region with negative revenue results, year to year.

 

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