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JCDecaux results in sharp decline

The number one worldwide in street furniture, JC Decaux SA, published its 2009 results on Wednesday. Its sales are down 11.5% to 1.919 billion euros owing particularly to the fall of the advertising market. At constant scope and exchange rates, turnover is down 10.9%. Its net profit after minority interests fell to him, from 77.3% to 24.5 million due primarily to lower operating margin.

The group's operating margin has in fact declined from 28.7% to 392 million euros. It reduces the overall activities of the group: -24.8% in urban furniture, -32.6% in transport and 46.1% in display.Despite this sharp decline in operating margin and the impact of the acquisition of an additional 49.2% stake in Wall AG, JCDecaux has reduced its net debt at December 31, 2009 of 36.6 million euros to $ 670 million payday loans for bad credit .

A 2010 uncertain

For the year 2010, the Chief Executive and Co-CEO, Jean-Francois Decaux expects "organic growth of around 5% in first quarter 2010. Nevertheless, the market continues to be characterized by reduced visibility and the possibility that we are at the beginning of a sustained recovery in the advertising market remains uncertain. "He adds, the Supervisory Board will also not pay a dividend in respect of 2010. "

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