JCDecaux said its UK transport division's organic revenue growth, which excludes the impact of acquisitions and currency fluctuations, was flat in the third quarter.
It added that the UK market for street furniture "remained difficult" and the billboard division "suffered from weak demand". A spokesman confirmed organic revenues for both were down year on year.
Worldwide, JCDecaux said revenue for the nine months to 30 September was up 3.7% year on year (€1,563m). Revenues for the third quarter increased by €495m, up 1.6% year on year.
JCDecaux said the revenues reflected the "steady progression" of transport, the "resilience" of street furniture and the "continued weakness" of billboard advertising.
Worldwide, reported revenue from street furniture activities was up 2.2% year on year for the quarter and 2.9% for the whole nine months. Transport revenues were up 6.2% for Q3 and 10.2% for Q1-3. Billboard revenues were down 5.4% in quarter three and 1.9% for the first nine months as a whole.
Excluding acquisitions and fluctuations in currency exchange rates, organic group revenues rose by 8.1% year on year for the first three quarters of 2008 and 5.2% for Q3.
JCDecaux said "organic revenues" grew faster than reported revenues on account of the strong euro compared with the British pound and US and Hong Kong dollar. The statement also said that although organic revenue growth has been decreasing in all regions, no region reported a major shift in outdoor spending.
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