Bollore : Results in line with expectations, no indication on cash use
>Neutral rating maintained - Bolloré yesterday reported its 2023 results, followed by a conference call. EBITA came in at € 994m vs our forecast of € 1.02b. The Bolloré Logistics business is deconsolidated from this result, but was only divested on 29 February, for a net impact of € 3.7bn on net cash. The question of how the cash will be used remains. Management gave no new information on this front. The strategy is still to take the time to redeploy this capital de...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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