Bollore : Solid 2019 results and a reassuring start to the year but likely slowdown throughout 2020
>Buy rating reiterated - Bolloré's 2019 results, reported yesterday, beat our expectations. This publication reflects the impact of the leverage effect on African activities that we have repeatedly mentioned in the past. And this against a backdrop of weaker investments and sustained volumes. The group’s message was reassuring at the start of the year, even though we think it likely that activity will slow throughout the year. The group is generally hit by a decline ...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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