OOH grows for 10th consecutive quarter

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Gross out-of-home revenues have increased by $18 million (8%) in the Q2 quarter, compared to the same Q2 period in 2014, according to figures released yesterday by the Outdoor Media Association.

“Our members had a great start to 2015 with Q1 revenue up year-on-year by 9%,” said OMANZ general manager Adam McGregor

“Now with 8% growth reported across Q2 we have 10 consecutive quarters of growth for the first time in the New Zealand OOH industry’s recorded history.”

McGregor also said the full picture for the first half of 2015 matched Q2 at 8% over 2014 reported revenue.

“We certainly can’t be complacent with so many factors at play within the wider economy locally and globally but with recent initiatives, including the new digital product launches we have seen from some of our members in June, we are looking forward to a continued positive performance,” he said.

OMANZ media display members are: Adshel, APN Outdoor, iSite Media, oOh!Media and Media5. 

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