JCDecaux revenue back to pre-COVID levels

Global outdoor advertising leader JCDecaux announces that the first-half 2022 revenue was above expectations, thanks to strong growth in digital and a strong recovery in Street Furniture, which was back to pre-COVID revenue levels. Billboards also grew significantly, up 21.9 percent and now above 2019 revenue in Asia-Pacific. According to a source, JCDecaux H1 2022 group revenue grew by +36.3 percent, +31.7 percent on an organic basis, to reach €1,474.8 million, including +21.6 percent on an organic basis in Q2 2022, above the company’s expectations.

The company’s organic revenue growth outside China has reached +43.1 percent in H1 2022 and +34.7 percent in Q2 2022. This performance has been driven by the strong growth of digital and the strong recovery of our roadside activities especially Street Furniture which was already back to pre-COVID revenue levels in H1, while Transport remained impacted by mobility restrictions, including major lockdowns in China.