The group, which has its headquarters in France, has reported growth across all three of its key divisions, with double-digit organic growth in transport as well as an operating margin of 17.9% in billboard, compared to 15.5% in 2006.
However, the operating margin of its street furniture division, as a percentage of revenues, fell by 1.4% to 41.3% since last year, though the operating margin of the sector rose by 1.5% to 210.7m EUR (£143.6m).
Net debt for the group had increased by the end of June by 93.2m EUR (£63.5m) to 788.2m EUR (£573.3m) since the end of 2006.
Jean-Francois Decaux, chairman of the group’s executive board and co-chief executive, said the renewal of “significant” street furniture franchises would affect the division’s operating margin as a percentage of revenues this year, but added that the decrease would be “partly offset” by the margin expansion in the transport and billboard divisions.
However, the operating margin of its street furniture division, as a percentage of revenues, fell by 1.4% to 41.3% since last year, though the operating margin of the sector rose by 1.5% to 210.7m EUR (£143.6m).
Net debt for the group had increased by the end of June by 93.2m EUR (£63.5m) to 788.2m EUR (£573.3m) since the end of 2006.
Jean-Francois Decaux, chairman of the group’s executive board and co-chief executive, said the renewal of “significant” street furniture franchises would affect the division’s operating margin as a percentage of revenues this year, but added that the decrease would be “partly offset” by the margin expansion in the transport and billboard divisions.
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