JCDecaux’s Half-Year 2024 financial results underscored robust performance and some strategic advancements. The company reported a 14% increase in adjusted revenue, reaching €1,807.6 million, and a 13.4% rise in adjusted organic revenue, with a notable 15.4% growth in Q2. This momentum is reflected in the 28.7% year-over-year increase in the adjusted operating margin, now at €261.4 million, and a significant jump in adjusted EBIT to €112.6 million, an impressive €100.0 million rise from the previous year.

JCDecaux’s net income soared by 149.6% to €94.4 million, and the company’s adjusted operating cash flows improved by 21.5%, amounting to €138.9 million. The adjusted free cash flow, although still negative at -€20.1 million, shows a substantial year-over-year improvement of €159.6 million. The company’s sustainability efforts resulted in a good ESG rating and a carbon reduction trajectory approved by the SBTi.

Looking ahead, JCDecaux is projecting a 10% increase in adjusted organic revenue for the third quarter of 2024.

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