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HomeAll newsMost read newsBusiness Leaders Biography
Age : 51
Public asset : 23,378,663 USD
Linked companies : JCDecaux SA - Eurazeo SE
Biography : Jean-Charles Decaux is a French businessperson who has been the head of 14 different companies and h

Advertising firm JC Decaux posts first-half loss as COVID-19 crisis hits market

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07/29/2020 | 11:51pm EDT
FILE PHOTO: France softens lockdown rules during the outbreak of the coronavirus disease (COVID-19)

Outdoor advertising firm JC Decaux posted a first-half loss on Thursday, as the COVID-19 pandemic hit the global advertising sector, and the company said it could not provide a financial outlook given the uncertain business environment.

JC Decaux reported a first-half net loss of 254.9 million euros (231.18 million pounds), with revenues dropping by around 40% to 1.075 billion euros.

"Considering the risk of new waves of COVID-19 and new local lockdowns being implemented, it remains very difficult to give a guidance for Q3 2020," said Chairman and co-CEO Jean-Charles Decaux.

(Reporting by Sudip Kar-Gupta; Editing by Tom Hogue)

Stocks mentioned in the article
ChangeLast1st jan.
JCDECAUX SA 3.24% 15.91 Real-time Quote.-43.92%
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