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jcdecaux says having 'good' first quarter in britain - ceo - outdoor advertising
PARIS (Reuters)-
French outdoor advertising company JCDecaux (JCDX. PA)
The UK no longer plans to reduce its investment in the UK, and after a "good first quarter", the UK has considered voting out of the EU in the country
CEO told ReutersThe family-
Run company said last year that it would review the number of advertising screens it installed in the UK after the Brexit vote.
"At the moment, we have decided not to reduce (investments)
Because sales are better than expected . "
Francois Deco told Reuters.
"We think that Brexit will affect sales, but we did very well in the last quarter in the UK and we did well in the first quarter.
Deco added: "Brexit has so far had no impact on UK advertising investments, and in the UK, retail has benefited from sales growth for foreigners eager to profit from the weak pound.
JCDecaux, which seeks to strengthen its presence in the United States, also confirms its interest in US assets. S.
Outdoor Clear Channel competitors (OUT. N)
Foreign media (CCO. N).
"We are all interested.
These assets have been sold several times, but they are too expensive, "Jean-
Said Francois Deco.
"One day we will have a price that we think is reasonable for these assets," he added . ".
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