BOLLORÉ
PRESS RELEASE |
Financial information for the third quarter 2021 |
Strong growth in revenue during the third quarter of 2021:
+22% at constant scope and exchange rates
- Revenue in the third quarter 2021: €5,082 million
- +22% at constant scope and exchange rates
- +25% on a reported basis
- At
end-September 2021 : €14,041 million- +15% at constant scope and exchange rates
- +15% on a reported basis
Revenue for the third quarter 2021
At constant scope and exchange rates, the Group’s third-quarter 2021 revenue was up 22% to €5,082 million. This change mainly includes:
- Transportation and Logistics: +32% thanks to the freight forwarding activities which benefited from the growth in activity in the sea and air transit, the rise in freight rates, and the excellent performance of the port terminals in
Africa ;
- Oil Logistics: +52% owing to the increase in oil-product prices and volumes;
- Communications (Vivendi): +10% attributable to Vivendi, which benefited in particular from the growth of the Canal+ Group, driven by international operations and
Studio Canal , and of theHavas Group , which is experiencing strong growth;
- Electricity Storage and Systems: +45% driven by the increase in sales of batteries and 12-metre buses.
On a reported basis, revenue increased by 25% compared to the third quarter of 2020. This increase includes positive changes in scope (totalling €90 million) mainly associated with the acquisition of
Revenue at
At constant scope and exchange rates, the Group’s revenue at
On a reported basis, revenue was up 15%, taking into account €154 million of changes in scope (notably the consolidation of
Revenue by business activity |
(in € millions) | 3rd quarter | 9-month total | ||||||||
2021 | 2020 | Reported | Organic | 2021 | 2020 | Reported | Organic | |||
growth | growth | growth | growth | |||||||
Transportation and Logistics | 1,901 | 1,420 | +34% | +32% | 5,124 | 4,276 | +20% | +21% | ||
Oil Logistics | 610 | 401 | +52% | +52% | 1,775 | 1,447 | +23% | +23% | ||
Communications (Vivendi) (1) | 2,474 | 2,169 | +14% | +10% | 6,866 | 6,288 | +9% | +8% | ||
Electricity Storage and Systems | 95 | 65 | +46% | +45% | 268 | 187 | +43% | +43% | ||
Other (agricultural assets and holdings) | 3 | 8 | -60% | -60% | 8 | 21 | -62% | -62% | ||
Total | 5,082 | 4,063 | +25% | +22% | 14,041 | 12,220 | +15% | +15% |
(1) As of
At constant scope and exchange rates, the main sectors trended as follows relative to the first nine months of 2020:
- Transportation & Logistics, Oil Logistics:
- transportation and logistics activity revenue was up 21% to €5,124 million. This is due to the increase in the Bolloré Africa Logistics business (+9%) owing to the strong performance of the port terminals (notably
Abidjan Terminal in Côte d’Ivoire,Benin Terminal ,Conakry Terminal inGuinea , TICT inNigeria , andFreetown Terminal inSierra Leone ) and the resumption of the logistics and stevedoring activities inAfrica as well as a slight increase in rail activity.
Bolloré Logistics’ revenue rose sharply (+27%) thanks to continued growth in sea and air freight and the increase in freight rates.
- oil logistics revenue was up 23% to €1,775 million, given the sharp increase in volumes, as well as the rise in oil prices.
- Communications (Vivendi): revenue totalled €6,866 million, up 8% at constant scope and exchange rates and +9% on a reported basis compared to the same period in 2020. This increase was mainly due to the growth of the Canal+ Group (+5.4%), driven by its international expansion and
Studio Canal , of theHavas Group (+12%), which recorded continued growth in all divisions across all geographical regions and, lastly,Editis (+22%), buoyed by favorable market conditions sinceJanuary 2021 .
- Electricity Storage and Systems: revenue from industrial activities (electricity storage, plastic film, dedicated terminals and systems) was up 43% compared to the first nine months of 2020. This growth was driven by battery sales, the acceleration in bus sales and the advancement in the plastic film business.
Recent highlights and events
- Success of UMG’s Euronext Amsterdam listing
On
The Management Board's decision followed the approval by the
On
Following this transaction, Vivendi still owns 10% of UMG’s share capital and Bolloré held directly around 18% of UMG’s share capital.
- Vivendi share buyback program
Between
- Agreement between Vivendi and
Amber Capital regarding Lagardère
On
As announced on
The acquisition of the remaining Lagardère shares held by
Should this acquisition be completed, Vivendi will hold 45.1% of the share capital and 36.2% of the voting rights of Lagardère, exceeding the 30% share capital and voting right thresholds in Lagardère. As a result, a mandatory proposal for a public offer at the same price for all Lagardère shares not yet owned by Vivendi would be filed with the French market authority (Autorité des Marchés financiers) in accordance with applicable regulation.
Change in revenue per quarter |
(in € millions) | 1st quarter | 2nd quarter | 3rd quarter | ||||||
2021 | 2020 (1) | 2020 | 2021 | 2020 (1) | 2020 | 2021 | 2020 (1) | 2020 | |
Transportation and Logistics | 1,555 | 1,358 | 1,394 | 1,668 | 1,453 | 1,462 | 1,901 | 1,437 | 1,420 |
Oil Logistics | 565 | 630 | 631 | 600 | 413 | 415 | 610 | 401 | 401 |
Communications (Vivendi) (2) | 2,094 | 2,062 | 2,102 | 2,298 | 2,024 | 2,017 | 2,474 | 2,243 | 2,169 |
Electricity Storage and Systems | 80 | 64 | 65 | 94 | 58 | 58 | 95 | 66 | 65 |
Other (agricultural assets and holdings) | 2 | 8 | 8 | 3 | 6 | 6 | 3 | 8 | 8 |
Total | 4,296 | 4,122 | 4,200 | 4,662 | 3,953 | 3,957 | 5,082 | 4,154 | 4,063 |
(1) At constant scope and exchange rates.
(2) As of
All amounts are expressed in millions of euros and rounded to the nearest decimal.
As a result, the sum of the rounded amounts may differ slightly from the reported total.
APPENDIX
Reclassification related to the application of IFRS 5 for Universal Music Group
(IFRS, unaudited)
2021 | Six months ended | |||||||
(in millions of euros) | Three months ended | Three months ended | ||||||
Revenues (as published) | 6,102 | 6,683 | 12,786 | |||||
Reclassification: application of IFRS 5 for UMG | (1,806) | (2,021) | (3,827) | |||||
Revenue (restated) | 4,296 | 4,662 | 8,959 | |||||
2020 | ||||||||
(in millions of euros) | Three months ended | Three months ended | Three months ended September, | Three months ended | ||||
Revenues (as published) | 5,966 | 5,646 | 5,915 | 6,582 | ||||
Reclassification: application of IFRS 5 for UMG | (1,766) | (1,689) | (1,852) | (2,115) | ||||
Revenue (restated) | 4,200 | 3,957 | 4,063 | 4,467 | ||||
2020 | ||||||||
(in millions of euros) | Six months ended | Nine months ended | Year ended | |||||
Revenues (as published) | 11,612 | 17,527 | 24,109 | |||||
Reclassification: application of IFRS 5 for UMG | (3,455) | (5,307) | (7,422) | |||||
Revenue (restated) | 8,157 | 12,220 | 16,687 |
Attachment
- 2021 10 21 Bollore CAT3-EN
© OMX, source