PARIS: French-headquartered outdoor advertising business JCDecaux reported a 4.1% climb in 2006 full year profits to €201.1 million ($265.6m; £137m), helped by strong demand in its transport division.
Europe's largest outdoor ad group forecasts that underlying revenue growth for 2007 will be similar to last year's 7.7%, although costs related to new contracts will squeeze margins at its street furniture division. Revenues across the group in 2006 were up 11.5% to €1.94bn.
Commented chairman/co-ceo Jean-Charles Decaux: "Market share gains in most of our core European operations and an increasing contribution from our more recently developed geographies combined to drive a strong increase in both organic revenues and operating margin."
Data sourced from mandmeurope.com; additional content by WARC staff