JCDecaux revenue up 8% on improved transport market

PARIS - JCDecaux has announced its third quarter revenues increased by 7.9% to €375.3m (£260.8m) and were buoyed by particularly strong performances from street furniture and transport advertising.

Advertising revenue from street furniture increased by 8.9% over the quarter, while billboard revenues were up by 5.7% with the UK having strong increases. Transport was up 14.4%, primarily driven by the continued advertising recovery in Hong Kong as well as improvements in the US, Spain and Portugal.

Jean-Charles Decaux, JCDecaux's chairman and co-chief executive officer, said: "Revenue growth in the third quarter of 2004 was at the top end of our expectations, with all three of our divisions contributing strongly to this performance. Our street furniture and billboard businesses benefited from an improved advertising environment across most European markets over the summer.

"Sales from recent street furniture contracts continued to increase in the US and Asia-Pacific, and our transport advertising business confirmed the recovery in this market,"

The results mean that for the nine months to the end of September, JCDecaux has produced a 5.6% increase in revenues to €1.2bn.

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