JCDECAUX SE 2022 HALF-YEAR RESULTS
July 28th, 2022
Digital street furniture, Cologne, Germany
BUSINESS OVERVIEW H1 2022
Jean-Charles Decaux
Chairman of the Executive Board and Co-CEO
2022 HALF-YEAR RESULTS
In million Euros, except %. Adjusted figures (1) except when IFRS. | H1 2022 | H1 2021 | |
Revenue | 1,474.8 | 1,082.3 | |
Operating margin | 183.6 | 31.4 | |
EBIT before impairment charge (2) | (17.9) | (166.9) | |
Net income Group share before impairment charge, IFRS (3) (4) | (13.5) | (156.9) | |
Net income Group share, IFRS (4) | (11.7) | (154.4) | |
Funds from operations net of maintenance costs | 80.7 | (74.4) | |
Free cash flow | (43.1) | (63.2) | |
Net debt as of end of period, IFRS | 976.9 | 1,163.3 | |
- Adjusted figures include our prorata share in companies under joint control accounted for using the equity method under IFRS 11 and exclude the IFRS 16 impact on core business lease contracts.
- The impact of the impairment charge on EBIT amounts to +€3.0m in H1 2022 compared to +€3.5m in H1 2021.
- The impact of the impairment charge on Net income Group share (net of tax and net of the impact on minority interests) amounts to +€1.8m in H1 2022 compared to +€2.5m in H1 2021.
- Restated for H1 2021 for the impact of the second amendment to IFRS 16. Impact on net result amounts to +€6.9m (including +€10.8m on operating margin IFRS, +€8.2m on EBIT IFRS and -€1.4m on tax).
Change
- M€
+36.3% +392.5
+484.8% | +152.2 |
+89.3% | +149.1 |
+91.4% | +143.3 |
+92.4% | +142.6 |
+208.4% | +155.1 |
+31.8% | +20.1 |
-16.0%-186.4
The values shown in the tables are generally expressed in millions of euros. The sum of the rounded amounts or variations calculations may differ, albeit to an insignificant extent, from the reported values. Please refer to the Appendices section for financial definitions. | 3 |
STRONG REVENUE REBOUND
Organic yoy growth (1)
+80.2% | +34.7% Q2 | ||||||||
+43.1% H1 | |||||||||
Excl. China | |||||||||
+45.7% | +36.3% | ||||||||
+28.6% | +34.7% | +32.1% | +21.6% | +31.7% | |||||
+18.5% | |||||||||
+2.9% | |||||||||
-34.6% | |||||||||
Q1 | Q2 | H1 2021 | Q3 | Q4 | H2 2021 FY 2021 | Q1 | Q2 | H1 2022 H1 2022 | |
(1) Organic growth = excluding acquisitions/disposals and at constant exchange rate | reported |
4
H1 2022 ADJUSTED REVENUE GROWTH BY SEGMENT
Reported growth (%) | Organic growth (%) (1) |
+40.6% | |||||||
+35.7% | +36.3% | +37.6% | |||||
+31.7% | |||||||
+27.3% | |||||||
+24.1% | +21.9% | ||||||
Street | Transport | Billboard | Group | Street | Transport | Billboard | Group |
Furniture | Furniture |
(1) Organic growth = excluding acquisitions / divestitures and the impact of foreign exchange. | 5 |
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JCDecaux SA published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 10:25:01 UTC.
