March 8, 2018 / 6:28 AM / 2 months ago

France's JCDecaux sees slowing growth in first quarter

March 8 (Reuters) - French outdoor advertising company JCDecaux said on Thursday it expects a slowdown in organic growth in the first quarter, due to the cancellation of a contract in Paris and a delay in the opening of the Guangzhou Baiyun airport Terminal 2 in China.

The family-controlled group said it expects organic growth of around 2 percent in the first quarter. It reported organic growth of 6.5 percent for the fourth quarter of 2017.

The company reported full-year net income group share of 193.7 million euros ($240.34 million), down 13.8 percent. ($1 = 0.8059 euros) (Reporting by Alan Charlish; Editing by Subhranshu Sahu)

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