JCDecaux notches up a record result
Global outdoor advertising leader JCDecaux has posted record annual sales of €2.6 billion ($A3.31 billion) but says growth has been dented by Europe's recession.
"JCDecaux achieved another year of record revenues boosted by the ongoing strength of our emerging market business," chief executive Jean-Charles Decaux said.
"However, despite good resilience in France and a strong performance in the UK driven by the Olympics, the negative effect of the European recession continued to impact our organic growth," he added.
On a headline basis, revenues grew by 6.5 per cent, but organic growth was only 1.5 per cent. In the fourth quarter organic growth was just 0.2 per cent.
Transport advertising was the biggest gainer, posting 8.9 per cent organic growth to €1.0 billion, while on the same basis street furniture dipped 1.9 per cent to €1.2 billion and billboards dropped 4.8 per cent to €439 million.