COMPAGNIE DE L'ODET
PRESS RELEASE |
Financial information for Q3 2022 |
Q3 2022 revenue:
+16% at constant scope and exchange rates
- Q3 2022 revenue:
6,112 million euros - +16% at constant scope and exchange rates
- +20% on a reported basis
- At September 30, 2022: 17,629 million euros
- +21% at constant scope and exchange rates
- +26% on a reported basis
Revenue for Q3 2022
At constant scope and exchange rates, the Group's revenue for the third quarter of 2022 was up 16% to
- Transportation and logistics: +25%. Transport activities benefited from the increase in air freight and higher freight rates. In
Africa , port terminals performed well and the recovery in logistics activities continued; - Oil logistics: +58% owing to the sharp rise in oil prices and a slight decline in volumes sold;
- Communication (Vivendi): +1% which reflects in particular the good performance at Havas Group (+3%) and
Gameloft (+45%), and the slowdowns at Canal+ Group (-5%) andEditis (-8%); - Electricity storage and systems: -21% due to a decline in 12-meter bus and battery sales, despite the strong results in Systems activities (IER/AS and
Polyconseil ).
On a reported basis, revenue grew by 20% compared to the third quarter of 2021, given favorable foreign exchange (
Revenue at
At constant scope and exchange rates, the Group's revenue as of
On a reported basis, revenue for the first nine months of the year was up 26%, taking into account
At constant scope and exchange rates, compared to the first nine months of 2021, the changes in the main sectors were as follows:
- Transportation and Logistics, Oil Logistics:
- Revenue from the transport and logistics business amounted to
7,325 million euros , up 37%. It benefited from the sharp increase in freight forwarding driven by higher freight rates and by the rise in air traffic volumes thanks to the vigorous activity posted by some of its customers (luxury and cosmetics, pharmaceuticals, aeronautics).
It also includes the growth of Bolloré Africa Logistics' activity thanks to the strong results of port terminals (notably
- Oil logistics revenue was
2,570 million euros , up 47% because of the sharp rise in petroleum product prices arising from an international context marked by the war inUkraine , despite a drop in volumes sold.
- Communication:
Revenue totaled
- Electricity Storage and Systems:
Revenue from industrial activities amounted to
This growth was driven by plastic films activities, which benefited from higher prices, and by the increase in dedicated terminals (IER/AS) thanks to the development of the pedestrian and passenger business. It also includes a slight drop in Bluebus sales.
Change in revenue by activity |
(in millions of euros) | Q3 | 9-months | ||||||||
2022 | 2021 | Reported | Organic | 2022 | 2021 | Reported | Organic | |||
growth | growth | growth | growth | |||||||
Transportation and Logistics | 2,507 | 1,901 | +32% | +25% | 7,325 | 5,124 | +43% | +37% | ||
Oil Logistics | 951 | 610 | +56% | +58% | 2,570 | 1,775 | +45% | +47% | ||
Communications | 2,578 | 2,474 | +4% | +1% | 7,448 | 6,866 | +8% | +4% | ||
Electricity Storage and Systems | 73 | 95 | -23% | -21% | 279 | 268 | +4% | +6% | ||
Other (agricultural assets, Holdings) | 3 | 3 | -7% | -8% | 7 | 8 | -10% | -10% | ||
Total | 6,112 | 5,082 | +20% | +16% | 17,629 | 14,041 | +26% | +21% |
Significant and recent events
- Agreement with
MSC Group for the sale of Bolloré Africa Logistics
- As a reminder, at the end of the exclusive negotiations announced on
December 20, 2021 and following the favorable opinions issued by each of the employee representative bodies consulted, Bolloré Group signed onMarch 31, 2022 the contract providing for the sale to theMSC Group of 100% of BolloréAfrica Logistics Group , bringing together all of Bolloré Group's transport and logistics activities inAfrica , based on an enterprise value, net of minority interests, of5.7 billion euros .- As indicated, this sale is expected to be completed by the end of the first quarter of 2023 at the latest.
- Share purchases
- Since the beginning of 2022, Compagnie de l'Odet has acquired 103.0 million Bolloré shares (3.5% of share capital) for
484.8 million euros . As part of its share buyback program, Bolloré acquired 2.1 million of its own shares for9.3 million euros .
Change in revenue per quarter |
(in millions of euros) | Q1 | Q2 | Q3 | ||||||
2022 | 2021 organic | 2021 reported | 2022 | 2021 organic | 2021 reported | 2022 | 2021 organic | 2021 reported | |
Transportation and Logistics | 2,361 | 1,609 | 1,555 | 2,458 | 1,737 | 1,668 | 2,507 | 2,000 | 1,901 |
Oil Logistics | 848 | 559 | 565 | 772 | 592 | 600 | 951 | 602 | 610 |
Communications | 2,376 | 2,202 | 2,094 | 2,494 | 2,421 | 2,298 | 2,578 | 2,560 | 2,474 |
Electricity Storage and Systems | 112 | 77 | 80 | 94 | 93 | 94 | 73 | 93 | 95 |
Other (agricultural assets, Holdings) | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 |
Total | 5,697 | 4,449 | 4,296 | 5,820 | 4,845 | 4,662 | 6,112 | 5,258 | 5,082 |
The values shown are expressed in millions of euros and rounded to the nearest decimal place.
As a result, the sum of the rounded amounts may differ slightly from the reported total.
1Excluding high school guideline reforms in 2019
Attachment
- 2022 10 20 Odet CAT3 EN
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