Bollore : Q1 2023 revenues down 11% organic due to freight forwarding
>Neutral rating reiterated - Bolloré reported this morning its Q1 2023 sales below forecasts due to the decline in freight forwarding. The main figure to note is the organic decline of 24% at Bolloré Logistics, which is currently the subject of exclusive negotiations with CMA CGM for a divestment. For now, we have not deconsolidated this asset from our results forecasts, but it is likely to be booked as an asset available for sale as of the half-year results publicati...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.