Bollore : H1 2022 earnings far above estimates thanks to logistics
>Outperform rating reiterated - Bolloré reported on Friday its H1 earnings which far outstripped our forecast with EBITA of € 1,010m, while we had been forecasting € 804m. The main difference with our forecasts stemmed from the transport & logistics segment and oil logistics. This was followed by an analysts’ meeting. Momentum therefore remains very robust for Bolloré transport & logistics with organic growth of 41% in Q2. The second part of the year is likely to show...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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