Core Insights - JCDecaux SE has signed a share purchase agreement to sell 325,519 shares of APG|SGA, representing 10.85% of its share capital to NZZ [1][2] - The transaction requires the introduction of an opting-up provision, which was approved by APG|SGA shareholders, ensuring no mandatory offer by NZZ is triggered [2] - The completion of the sale is anticipated in Q2 2026, pending antitrust approvals [2] Financial Impact - Post-transaction, JCDecaux's stake in APG|SGA will decrease to approximately 5.6% [3] - The deal is expected to generate cash proceeds of around 71 million CHF (approximately 76 million EUR) before transaction costs [3] Company Overview - JCDecaux is the leading outdoor advertising company globally, with 2024 revenue projected at €3,935.3 million and H1 2025 revenue at €1,868.3 million [7] - The company reaches a daily audience of 850 million across more than 80 countries, operating 1,091,811 advertising panels [7] - JCDecaux is recognized for its sustainability efforts, having joined the Euronext Paris CAC® SBT 1.5° index and achieving high ratings in various sustainability assessments [7]

Core Viewpoint - JCDecaux SE has announced a share buy-back program for up to 1.5 million shares, representing approximately 0.70% of its share capital, to be executed from November 20, 2025, to May 13, 2026 [1][2]. Group 1: Share Buy-Back Program - The share buy-back program is authorized by the Annual General Meeting held on May 14, 2025 [2]. - An investment-services provider has been appointed to facilitate the purchase of shares [2]. - The shares acquired will primarily be used to cover performance share allocations for current or future performance plans [3]. Group 2: Company Overview - JCDecaux reported a revenue of €3,935.3 million for 2024 and €1,868.3 million for H1 2025 [6]. - The company is the number one out-of-home media company globally, with a daily audience of 850 million people across more than 80 countries [6]. - JCDecaux operates 1,091,811 advertising panels worldwide and is present in 3,894 cities with populations exceeding 10,000 [6]. - The company employs 12,026 individuals and is listed on the Eurolist of Euronext Paris, being part of the SBF 120 and CAC Mid 60 indexes [6]. - JCDecaux has received various recognitions for its extra-financial performance, including an A rating from CDP and AAA from MSCI [6].

Core Insights - JCDecaux SE reported a strong Q1 2025 performance with a revenue growth of +7% to €858 million, marking a record level for a first quarter [8][12] - The company achieved a +5.5% organic revenue growth, driven by significant digital revenue growth of +17% [8][12] - The outlook for Q2 2025 anticipates low single-digit organic revenue growth due to global economic uncertainties [20] Business Highlights - Key contract wins include a 10-year exclusive advertising concession for multiple airports in Saudi Arabia [3] - The company was recognized for its leadership in corporate transparency and climate change performance by CDP, making it to the 'A List' for the second consecutive year [4] - Daniel Hofer, CEO for Germany, Austria, and Central & Eastern Europe, announced his retirement from operational roles effective August 31, 2025 [5] Revenue Breakdown - Street Furniture revenue increased by +5.4% to €422.5 million, with organic growth of +5.3% [14][16] - Transport revenue rose by +9.3% to €315 million, with organic growth of +6.1% [14][17] - Billboard revenue grew by +7.1% to €120.5 million, with organic growth of +4.6% [14][18] Geographic Performance - All activities and geographies contributed to revenue growth, with notable performance in Rest of Europe, North America, and the Rest of the World [8][12] - The Asia-Pacific region experienced low single-digit growth, primarily due to flat performance in China [17] Future Outlook - The company expects a low single-digit organic revenue growth rate for Q2 2025, with Street Furniture pacing mid-single digit while Transport and Billboard are currently flat [20]