Bollore : 2020 slightly below forecasts but 2021 estimates broadly unchanged, good start to the year
>2021 should be strong thanks to the recovery of the group’s markets - Bolloré yesterday released its 2020 annual results, which fell slightly short of expectations. The main difference with our estimates stems from profitability in Africa which was slightly lower than we expected. Following the analysts’ meeting, we understand that the difference is due mainly to restructuring costs booked in 2020, which should therefore support the recovery in profitability in 2021....Bollore is a holding company. Through its subsidiaries, Co. conducts business in international logistics, transportation and logistics in Africa (port management, stevedoring, logistics), fuel distribution, batteries and supercapacitors, electric vehicles, plastic films for capacitors and packaging, dedicated terminals and systems, plantations, communicationa and the media (television and free press, advertising and market research) and the management of portfolio shareholdings. Co.'s activities can be divided into four segments: Transportation and logistics, Industry, Fuel distribution, and Other activities.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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