Full Year 2018 JCDecaux SA Earnings Call Transcript
Ladies and gentlemen, welcome to the JCDecaux Conference Call. I will now hand over to Jean-Charles Decaux. Sir, please go ahead.
Good afternoon, everyone. Good morning to those of you in the U.S. And welcome to our 2018 Full Year Results Conference Call, which is also being webcast. The speakers today on the call will be Jean-Francois Decaux, Co-Chief Executive Officer; David Bourg, Chief Financial and Administrative Officer and I. Arnaud Courtial, Head of Investor Relations is also attending today's conference call. Please note that throughout the presentation following the adoption of the IFRS 11 from January 1, 2014, operating data is adjusted to include our pro rata share in companies under joint control and is therefore comparable to historical data. David will explain this in more detail at the beginning of his presentation.
Let me first comment on our full year results. 2018 was another record year for JCDecaux, with revenue at EUR 3,619 million. Our
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