Bollore : Tough environment but good resilience of activity and profitability
>Resilience of the model, Buy recommendation reiterated - On Friday, 31 July, Bolloré published H1 2020 results slightly above our expectations. This publication reflects a good performance in logistics activities with organic growth of 1% in Q2 (vs -8% expected), driven by air freight forwarding but also good resilience from the port activities in Africa (excluding the loss of the Douala contract). At its analysts' meeting, the group highlighted an improvement in vol...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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