JCDecaux announced on Tuesday that it expects modest organic revenue growth in the second quarter, citing ongoing uncertainties tied to the global economic and geopolitical climate as well as a challenging comparative base.
The outdoor advertising specialist is targeting organic revenue growth for the second quarter in the range of 4 to 6% ("mid-single digit").
In a statement, the group highlighted the impact of a high comparative base, referencing last year's elevated activity levels driven by the Paris Olympic Games and UEFA Euro 2024 during the second and third quarters.
JCDecaux also reported a 5.5% increase in organic revenue to €858 million for the quarter ended March 31, marking a record first-quarter performance for the group.
(Written by Etienne Breban, edited by Kate Entringer)
