According to JCDecaux's results, worldwide reported revenues were €548.1m (£482.1m), up 26.9% compared to the same period in 2009, which JCDecaux said reflected strong organic growth and robust contribution from recent acquisitions.
Revenues in the street furniture division were €250.9m during the quarter, representing organic growth of 7.3% and a rise of 23.8% in reported revenues year on year.
JCDecaux bought part of the assets of troubled media owner Titan Outdoor in January. Today it said the contribution from the Titan Outdoor street furniture assets, which include sites in malls and supermarkets, was "particularly strong".
This, combined with positive foreign exchange variations and organic growth of 20.6%, helped its transport revenues increase by 42.6% to €197.7m in Q3 2010.
Jean-Charles Decaux, chairman and co-chief executive officer of JCDecaux, said: "Record quarterly revenue growth of nearly 27% reflects a strong organic advertising performance and a robust contribution from the recent acquisitions of Wall and Titan UK.
"Advertising markets in most key geographies remain positive and, while tougher comparables will limit organic revenue growth in the fourth quarter, group quarterly organic revenue will be close to its peak Q4 2008 level."
Decaux said the JCDecaux group currently anticipates organic revenue growth of around 8% for the full year.
JCDecaux said core advertising revenues increased by 12.4% organically, reflecting strong demand for JCDecaux’s advertising assets in most markets. Revenues related to the sale, rental and maintenance of furniture decreased 0.8% during the third quarter of the year.
Revenues in the street furniture division were €250.9m during the quarter, representing organic growth of 7.3% and a rise of 23.8% in reported revenues year on year.
JCDecaux bought part of the assets of troubled media owner Titan Outdoor in January. Today it said the contribution from the Titan Outdoor street furniture assets, which include sites in malls and supermarkets, was "particularly strong".
This, combined with positive foreign exchange variations and organic growth of 20.6%, helped its transport revenues increase by 42.6% to €197.7m in Q3 2010.
Jean-Charles Decaux, chairman and co-chief executive officer of JCDecaux, said: "Record quarterly revenue growth of nearly 27% reflects a strong organic advertising performance and a robust contribution from the recent acquisitions of Wall and Titan UK.
"Advertising markets in most key geographies remain positive and, while tougher comparables will limit organic revenue growth in the fourth quarter, group quarterly organic revenue will be close to its peak Q4 2008 level."
Decaux said the JCDecaux group currently anticipates organic revenue growth of around 8% for the full year.
JCDecaux said core advertising revenues increased by 12.4% organically, reflecting strong demand for JCDecaux’s advertising assets in most markets. Revenues related to the sale, rental and maintenance of furniture decreased 0.8% during the third quarter of the year.
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