- 2013 reported revenues up 2.0% to
€2,676.2 million
- 2013 organic revenues up
1.2%
- Fourth quarter reported revenues up
4.6% to €781.1 million
- Fourth quarter organic revenues up
4.5%
Regulatory News :
JCDecaux SA (Paris:DEC) (Euronext Paris: DEC), the number
one outdoor advertising company worldwide, announced today its
revenues for the full-year 2013.
On a reported basis, 2013 revenues increased by 2.0% to €2,676.2
million compared to €2,622.8 million in 2012. Excluding the
significant negative impact from foreign exchange variations
(notably emerging market currencies) and the positive impact from
changes in perimeter, revenues grew 1.2%.
Organic revenue growth was mainly driven by our Street Furniture
segment, which showed good growth in H2 reflecting some underlying
improvement in most of our European markets. Organic revenue growth
in the Transport segment was limited in 2013, mainly due to a
difficult comparative base from the Olympic Games and the loss of
some contracts at the end of 2012. The Billboard segment continued
to remain challenging throughout 2013.
Reported revenues for the fourth quarter increased by 4.6% to
€781.1 million compared to €746.6 million in 2012. Excluding
foreign exchange variations and change in perimeter effects,
organic revenues were up 4.5%, better than anticipated at the time
of our Q3 revenue release in November because of good revenues in
December.
By activity:
Full-Year revenues 2013 (€m) 2012
(€m) Reported growth Organic
growth(a) Street Furniture 1,191.9 1,171.3
+1.8% +3.3% Transport 1,014.0 1,012.5
+0.1% +1.7% Billboard 470.3 439.0
+7.1% -5.3%
Total 2,676.2
2,622.8 +2.0% +1.2%
a. Excluding acquisitions/divestitures and the impact of foreign
exchange
Q4 revenues 2013 (€m) 2012 (€m)
Reported growth Organic
growth(a) Street Furniture 357.7 338.8
+5.6% +7.7% Transport 294.9 291.9
+1.0% +3.7% Billboard 128.5 115.9
+10.9% -2.7%
Total 781.1
746.6 +4.6% +4.5%
a. Excluding acquisitions/divestitures and the impact of foreign
exchange
By geographic area:
Full-Year revenues 2013 (€m) 2012
(€m) Reported growth Organic
growth(a) Europe
(b) 741.0 759.6
-2.4% -5.0% France 618.8 615.2
+0.6% +0.6% Asia-Pacific 613.2 604.6
+1.4% +4.6% United Kingdom 309.5 316.7
-2.3% +2.0% North America 179.9 188.5
-4.6% -1.3% Rest of the world 213.8 138.2
+54.7% +25.3%
Total 2,676.2
2,622.8 +2.0% +1.2%
a. Excluding acquisitions/divestitures and the impact of foreign
exchangeb. Excluding France and the United Kingdom
Street Furniture
Full-year revenues increased by 1.8% to €1,191.9 million (+3.3%
on an organic basis) with sequential improvement throughout 2013
and sound organic growth during H2. In 2013, France was up, the UK
showed good growth and the Rest of Europe was slightly up. In our
other Street Furniture markets, Asia-Pacific was up, North America
was flat and the Rest of the World delivered strong growth.
In the fourth quarter, revenues increased by 5.6% to €357.7
million (+7.7% on an organic basis). This reflects further
sequential improvement in most of our markets. All of our 6
reporting geographies posted positive growth. In Europe, France was
particularly robust, the UK showed modest growth and the Rest of
Europe remained in positive territory for the second quarter in a
row. All our other regions showed good organic revenue growth, with
the Rest of the World being again especially strong.
Transport
Full-year revenues increased by 0.1% to €1,014.0 million (+1.7%
on an organic basis). Of particular note, UK revenues posted sound
growth despite the very difficult comparative base from the 2012
Olympics. Revenues in the Rest of Europe were impacted by the loss
of some contracts at the end of 2012 but excluding this were
robust. France showed strong growth, reflecting the continued
success of our digital program with Aéroports de Paris.
Asia-Pacific revenues were up. It is to be noted that the
introduction of VAT and the removal of business tax in China in
2013 had a one-off negative impact of 1.2% on total Asia Pacific
revenues, with no impact on our operating margin. North America was
down and the Rest of the World continued to deliver strong
growth.
During the fourth quarter, revenues increased by 1.0% to €294.9
million (+3.7% on an organic basis). Both France and the UK were
strong. Revenues in the rest of Europe were down. Asia-Pacific
revenues were up, with good growth in China relative to previous
quarters this year. North America was down and the Rest of the
World showed strong growth.
Billboard
Full-year revenues increased by 7.1% to €470.3 million (-5.3% on
an organic basis). The difference between reported and organic
growth is mainly due to the impact of the acquisition of 25% of
Russ Outdoor which has been proportionately consolidated from
February 2013. With our Billboard activities being mainly
concentrated in Europe, this segment remained difficult in most
markets.
In the fourth quarter, revenues increased by 10.9% to €128.5
million (-2.7% on an organic basis).
Commenting on the Group’s 2013 revenue performance,
Jean-François Decaux, Chairman of the Executive Board and
Co-Chief Executive Officer of JCDecaux, said:
“JCDecaux achieved another year of record revenues at 2,676
million euros in a context of weak European economic recovery in
the second half after a strong crisis. In a market with low
visibility and which continues to be volatile, we have seen some
positive signs in our European business during the second half of
the year with a recovery in our Street Furniture division.
Furthermore, after three quarters of slower growth, a better
performance was seen in China during Q4 enhancing our Transport
division. Transport also continues to benefit from our strong
positioning in fast-growing markets which now represent 32% of
Group revenues. The organic development of digital, which accounts
for 7% of total sales, continues to be a strong driver with
revenues increasing 18% this year, reflecting the success of our
premium and selective roll-out strategy.
2013 was also marked by the win and renewal of several flagship
contracts including Paris bus shelters, Los Angeles and Boston
airports as well as the new concourse D at Dubai airport. Recently,
we have been installing our advertising clocks in Sao Paulo and
look forward to integrating our 85% stake in Eumex which will
enable us to become market leader in Latin America, a region where
outdoor advertising is expected to see strong growth.
As usual, we will provide guidance for Q1 when we release our
full-year 2013 results on March, 6th.
Looking forward, we remain convinced that out-of-home retains
its strength and attractiveness in an increasingly fragmented media
landscape. JCDecaux is well positioned to outperform the
advertising market and increase its leadership position in the
outdoor advertising industry and we want to take the opportunity to
thank all of our teams for their enthusiasm and their commitment.
The strength of our balance sheet is a key competitive advantage
that will allow us to pursue further external growth opportunities
as they arise.”
Next information:2013 Annual Results: 6
March 2013 (before market)
Key Figures for the Group
- 2013 revenues: €2,676m
- JCDecaux is listed on the Eurolist of
Euronext Paris and is part of the Euronext 100 index
- No.1 worldwide in street furniture
(434,700 advertising panels)
- No.1 worldwide in transport advertising
with more than 150 airports and more than 280 contracts in metros,
buses, trains and tramways (358,100 advertising panels)
- No.1 in Europe for billboards (199,600
advertising panels)
- No.1 in outdoor advertising in the
Asia-Pacific region (205,000 advertising panels)
- No.1 worldwide for self-service bicycle
hire
- 1,002,800 advertising panels in more
than 55 countries
- Present in 3,700 cities with more than
10,000 inhabitants
- 10,484 employees
Forward looking statements
This news release may contain some forward-looking statements.
These statements are not undertakings as to the future performance
of the Company. Although the Company considers that such statements
are based on reasonable expectations and assumptions on the date of
publication of this release, they are by their nature subject to
risks and uncertainties which could cause actual performance to
differ from those indicated or implied in such statements.These
risks and uncertainties include without limitation the risk factors
that are described in the annual report registered in France with
the French Autorité des Marchés Financiers.Investors and holders of
shares of the Company may obtain copy of such annual report by
contacting the Autorité des Marchés Financiers on its website
www.amf-france.org/ or directly on the Company website
www.jcdecaux.com.The Company does not have the obligation and
undertakes no obligation to update or revise any of the
forward-looking statements.
JCDecaux SACommunications Department:Agathe
Albertini, +33 (0) 1 30 79 34
99agathe.albertini@jcdecaux.frorInvestor Relations:Nicolas
Buron, +33 (0) 1 30 79 79 93nicolas.buron@jcdecaux.fr
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