Entering text into the input field will update the search result below

JCDecaux's (JCDXF) Management on Q4 2019 Results - Earnings Call Transcript

Mar. 07, 2020 1:02 AM ETJCDecaux SE (JCDXF) Stock
SA Transcripts profile picture
SA Transcripts

JCDecaux SA (OTCPK:JCDXF) Q4 2019 Earnings Conference Call March 5, 2020 7:30 AM ET

Company Participants

Jean-François Decaux – Chairman

Jean-Charles Decaux – Co-Chief Executive Officer

David Bourg – Chief Financial and Administrative Officer

Conference Call Participants

Adrian Saint Hillaire – Bank of America

Lisa Yang – Goldman Sachs

Annick Maas – Exane BNP Paribas

Julien Roch – Barclays

Patricia Pare – UBS


Ladies and gentlemen, welcome to the JCDecaux Conference Call. I will now hand over to Jean-François Decaux. Sir, please go ahead.

Jean-François Decaux

Good afternoon, everyone. Good morning to those of you in the U.S., and welcome to our 2019 full year results conference call, which is also being webcast. The speakers on this call will be Jean-Charles Decaux, Co-CEO; David Bourg, Chief Financial and Administrative Officer; and myself; Arnaud Courtial, Head of Investors Relations is also attending today’s conference call.

Let me first comment on our full year results. We delivered in 2019 record results, which are the best since IPO, with revenues at €3.8192 billion operating margin at €792.2 million, EBIT before impairment at €385.2 million, and net income group share at €265.5 million.

Our digital transformation continues to drive growth, with digital revenue growing at 33% compared to 2018 and representing now 25.2% of group revenue. Most advertising categories are up, led by retail, personal care and luxury goods as well as entertainment. And we are very pleased with our diversified client mix with our top 10 clients, representing only 12.5% of group revenue.

As mentioned previously, our adjusted operating margin increased by 13.2% to €792 million or 20.4% of revenue, an increase limited to 20 basis points in the second half, which was negatively affected by the decline of our Transport business in Asia, while our second half Street Furniture operating margin continued to expand, thanks to a strong organic

Recommended For You


To report an error in this transcript, .Contact us to add your company to our coverage or use transcripts in your business. Learn more about Seeking Alpha transcripts here. Your feedback matters to us!


SymbolLast Price% Chg
Market Cap
Yield (TTM)
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on JCDXF

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.