JCDecaux falls as Middle East impact weighs on Q2 guidance

Jcdecaux SE

06/05/2026 08:49

** Shares in JCDecaux are down 2.5% after the company published in-line Q1, and said it expects Q2 sales growth impacted by ongoing Middle East tensions

** "Broadly in-line Q126, with a -1% miss to consensus, driven by a weaker-than-expected Billboard performance following inventory rationalisation in certain countries," says Berenberg in a note

** The French outdoor advertising company said it guides for an organic sales growth in Q2 of around +3% (or around +5% excluding Middle East), below a consensus cited by J.P.Morgan and Berenberg

** "We expect the Middle East conflict to remain an overhang on the stock in the near term," the broker adds

** Including today's move, the stock is up 18% year-to-date

 (Reporting by Clement Martinot)

 ((Clement.Martinot@thomsonreuters.com;))