Report
Jerôme Bodin

Bollore : Q1 release in line, good momentum for transport and unchanged estimates

>Q1 in line for transport & logistics division - Yesterday evening, Bolloré reported its Q1 sales. They were a shade lower than forecast, mainly due to oil logistics (weather conditions), but the effect on margins should be neutral. The trend was positive for transport & logistics (+2% organic), despite an unfavourable comparison base (+10% in Q1 2018). Our estimates are unchanged. We are still expecting solid organic growth (+4.4%) for the full year for T&L, driven b...
Underlying
Bollore SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jerôme Bodin

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