JCDecaux Reports Strong Full-Year 2024 Results
JCDecaux announced its full-year 2024 financial results, reporting a 9.7% organic revenue growth and significant increases in profitability. The company proposed a dividend of €0.55 per share.
Out-of-home advertising company JCDecaux reported strong results for the full year 2024, with organic revenue growth of 9.7% reaching €3.94 billion. Digital out-of-home (DOOH) revenue saw a 21.9% increase, now constituting 39% of the group's total revenue.
The company's operating margin grew by 15.3% to €764.5 million, and net income increased by 23.8% to €258.9 million. Free cash flow stood at €231.9 million. The board proposed a dividend of €0.55 per share for 2024, payable in cash.
Looking ahead, JCDecaux forecasts approximately 5% organic revenue growth for the first quarter of 2025. The company has set targets for 2026, aiming for an operating margin rate exceeding 20% and a free cash flow above €300 million.
JCDecaux Chairman and Co-CEO Jean-Charles Decaux commented that 2024 was a robust year, particularly noting the growth in digital out-of-home advertising and the increasing contribution of programmatic revenues.