Bollore : Very good quarter for freight forwarding
>Revenues much higher than expected thanks to freight forwarding - Yesterday Bolloré reported Q3 revenues that beat our forecasts (€ 5,082m whereas we expected € 4,413m). Vivendi reported its results at the same time (see today’s comments). The important point to note is that organic growth in the transport & logistics arm came to 32%, whereas we expected 12%. The trend is therefore very good in this activity, particularly in freight forwarding, still driven by volume...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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