The global outdoor advertising company notched revenue growth of 6%, helping it achieve full-year revenues of €1.63bn ($2.11bn; £1.12bn), up 5.7% on 2003.
Jean-Charles Decaux, chairman of the executive board and joint-ceo, said: "2004 was a year of strong organic growth across all our activities, with an acceleration in the second half allowing us to outperform the advertising market."
But there was a notable difference in the performance of JCD's three divisions. Transport advertising revenues grew 16.9% compared with the fourth quarter of 2003; street furniture was up 5.4%; while billboard revenues were flat.
The geographic markets registering the largest revenue gains through 2004 were North America and Asia-Pacific, where the company won a number of new sales contracts.
The company declined comment on 2004 profits or the outlook for 2005, but said it would do so on March 16 when announcing its full year results.
Over the full year, PepsiCo increased net profits by 18% to $4.2 billion (€3.25bn; £2.23bn). Total sales were $29.3bn in the full year, up 8% , and rose by 9% in the quarter to $8.8bn.
The group's strong portfolio of non-carbonated drinks, including Tropicana juices and Gatorade sports drinks, helped the North American beverage division increase annual operating profits by 13% in the full year and 15% in the quarter.
The Frito-Lay snack food division, which makes products such as Doritos, raised operating profits by 7% over the full year and 6% in the quarter.
The Quaker food business rose 1 per cent over the year but declined slightly in the quarter because of higher costs.
Fourth-quarter net profits were $985m, giving earnings per share of 58 cents, in line with analysts' expectations. The group forecast further eps growth of 6% this year, reaching $2.59.
The results illustrate how diversification into a broad range of foods and drinks is helping PepsiCo outperform its soft drink-centric rival Coca-Cola.
The globe's largest media conglomerate - whose portfolio of media brands includes HBO, Warner Bros, CNN and People magazine - posted net earnings of $1.13 billion (24 cents a share) compared with $639 million (14 cents) in the same period a year ago.
Revenue rose 1.9% to $11.11 billion (€8.59bn; £5.89bn), while earnings before depreciation and amortization rose 2.9% to $2.43 billion, driven by stronger results at the company's cable TV division. These compensated for a revenue dive at its Hollywood studios.
Setting aside one-time items, the company's per-share earnings came in at 20 cents in the latest quarter, compared year-on-year with 15 cents. Analysts polled by Thomson First Call had expected earnings of 16 cents.
The AOL division also posted a better quarter, reporting an 8% rise in profits to $326 million on a 1% rise in revenues. But AOL continued to lose domestic customers, reporting a subscriber count down 464,000 from the prior quarter to 22.2 million users. This is two million below year-ago levels.
Data sourced from multiple origins; additional content by WARC staff