JCDecaux announced its consolidated revenue results for the first quarter ended March 31, 2018 with total revenues of €742.5 million ($875.45 million), a decrease of 2.6%, compared to €762.6 million ($899.14 million) in Q1 2017. This decline in revenues was mainly attributed to negative impact from foreign exchange variations.
In this quarter, JCDecaux saw decline in revenues across all the segments. Revenues for street furniture decreased by 2.5% from €345.6 million ($407 million) to €337.1 million ($397 million). Transport revenues declined from €302.3 million ($356 million) to €293.5 million ($346 million), a decrease of 2.9% whereas billboard revenues decreased by 2.4% from €114.7 million ($135 million) to €111.9 million ($132 million).
The company said that it currently expects organic growth around 3.5% for the second quarter 2018.
