The evolution of Billboards from static to digital has presented significant growth opportunities for APO.

The company, since IPO (Nov 2014), has secured both existing Static Billboards as well as development options to develop Digital Billboards.

Given the ability to modify advertising on-demand using sophisticated yield management techniques for digital formats, the potential revenue uplift is significant.

This can be observed by recent revenue trends whereby revenues have far exceeded the company’s and market’s expectation.

Given the scalability of digital formats, this translates strongly for profitability.

At their most recent update, the company has also upgraded guidance due to acquisitions, increased market share and an increase in penetration of digital formats.

The company also confirmed the renewal and expansion of key Airport related contracts, in particular with Sydney Airport.

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