Record year for JCDecaux as transport drives growth forward

LONDON - JCDecaux has produced increased revenues of 5.7% to €1.63bn (£1.13bn) in its 2004 results, with all of its divisions experiencing growth.

The company's transport division grew particularly strongly with earnings before interest, tax, depreciation and amortisation up by 46.6% to €20.5m.

Street furniture Ebitda rose by 10.4% with the UK, Belgium, Sweden, Germany and Portugal putting in particularly strong performances while JCDecaux's billboard division also increased its Ebitda by 10% with Euro 2004 boosting revenues.

Total Ebitda across the group was up 11.6% to €465.2m.

Jean-Charles Decaux, the chairman of the executive board and co-CEO, said: "2004 was a record year for the group. JCDecaux continued to outperform the advertising market and recorded a 16.7% operating income margin, driven by the recovery of the European advertising market and the contribution from recent contract wins and investment, particularly in the US and Asia."

He added: "The recent winning of the 20-year street furniture contract in Yokohama now begins to open up Japan, the world's second-largest advertising market, and paves the way for growth in future years."

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