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JCDecaux: net loss of 605 million euros in 2020, a first for the group

2021-03-11T07:46:35.921Z


“The most difficult year in its history,” says the company. The French display giant JCDecaux announced Thursday that it had lived in 2020 "the most difficult year in its history" by recording its first net loss of 605 million euros, due to global health measures against the Covid-19 pandemic which has constrained its activity. Read also: JC Decaux upset by the French market The group, which has sharply reduced its costs, anticipates a 40% constant drop


The French display giant JCDecaux announced Thursday that it had lived in 2020 "the most difficult year in its history" by recording its first net loss of 605 million euros, due to global health measures against the Covid-19 pandemic which has constrained its activity.

Read also: JC Decaux upset by the French market

The group, which has sharply reduced its costs, anticipates a 40% constant drop in its turnover in the first quarter of 2021 - especially in Europe and despite a strong rebound in mainland China - and has decided not to pay any dividends in 2021 for the second year in a row.

Source: lefigaro

All business articles on 2021-03-11

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