JCDecaux has seen its revenue drop by two-thirds in the second quarter of 2020 with Asia Pacific and the UK being hit particularly bad, according to the latest company reports.
Following the coronavirus (COVID-19) outbreak and enforced lockdown, total revenue fell to €351.9m in Q2 2020. This is the lowest level of revenue generated in 17 years, since the third quarter of 2003.
The company says audience levels in some markets are "close to pre Covid 19" levels but revenue doesn't yet reflect this gradual return of consumers. Transport audiences are "lagging significantly", a major blow given that this segment...