JCDecaux said that revenue in 2014 increased 5.1% year on year to €2.8 billion, compared with €2.7 billion in 2013. In the final quarter of the year, revenue was 8.8% higher at €389.3 million.
In the company’s billboard business, revenues fell by 2.4% to €458.8 million. Europe (including France and the UK) was slightly down, as was the Rest of the World, largely due to the very difficult market conditions in Russia and Ukraine. JCDecaux’s Russian revenues were also impacted by the delayed removal of around 5,000 illegal billboards in Moscow, which is now completed.
Street furniture revenues increased by 7% to €1.3 billion, with Europe (including France and the UK) and Asia-Pacific all seeing positive growth. The Rest of the World also delivered strong growth across most markets but revenue in North America was down.