BOLLORE: Financial information for Q3 2023

BOLLORÉ                               Financial information for Q3 2023 19 October 2023 Revenue (at constant scope and exchange rates):-7% in third-quarter 2023-4% at the end of September 2023 Revenue for Q3 2023 At constant scope and exchange rates, the Group's revenue for the third quarter of 2023 totalled 3,196 million euros, down 7%:Oil Logistics: 668 million euros, -32%owing to the decrease in oil product prices and the decline in volumes sold; ...

Puteaux, 19/10/2023 (informazione.it - comunicati stampa - trasporti)

BOLLORÉ                             

Revenue (at constant scope and exchange rates):

-7% in third-quarter 2023

-4% at the end of September 2023

Revenue for Q3 2023 

At constant scope and exchange rates, the Group's revenue for the third quarter of 2023 totalled 3,196 million euros, down 7%:

On a reported basis, revenue was down 6% (-217 million euros) compared with the third quarter 2022, with negative foreign exchange impacts (-26 million euros) and a favourable scope effect (+46 million euros).

Revenue at the end of September 2023

At constant scope and exchange rates, the Group's revenue as of September 30, 2023 was down 4% at 9,427 million euros.

On a reported basis, revenue for the first nine months of the year decreased 4%, taking into account +96 million euros in changes in scope (in particular the integration of Sicarbu acquired by Bolloré Energy, as well as initial consolidations at Vivendi) and -26 million euros in foreign exchange impacts resulting from the appreciation of the euro, mainly against the pound sterling and the US dollar.

At constant scope and exchange rates, the main sectors evolved as follows compared to the first nine months of 2022:

Bolloré Energy's revenue came out at 2,022 million euros, down 22% due to lower oil product prices, which had reached record levels after the outbreak of the war in Ukraine, and lower volumes sold.

Revenue amounted to 7,121 million euros, up 3% at constant scope and exchange rates compared to the same period in 2022. This increase can be attributed primarily to Groupe Canal+, which posted significant growth of 3%, notably owing to the sharp increase in Studiocanal and the increase in pay television in France, and to growth at Havas (+5%), supported by the rise of all its divisions.

Revenue from industrial activities amounted to 233 million euros (electricity storage, films, dedicated terminals and systems), down 16% compared with the first nine months of 2022.

This decrease resulted mainly from a decline in the sales of batteries and bus, as well as those of Films. However, specialized Terminals and Polyconseil posted growth.

(1)  Restated: in accordance with IFRS 5 and to ensure the comparability of results, reclassifications into discontinued operations or held for sale include:

Recent highlights and events

On July 11, 2023, the Bolloré Group signed a contract to sell 100% of Bolloré Logistics to CMA CGM Group. The process of obtaining antitrust and foreign investment control clearances in the relevant jurisdictions is progressing according to the provisional timetable and should enable the final completion of the sale in the first quarter of 2024. Bolloré Logistics has been restated in the Group's financial statements under IFRS5.

(1) Restated: in accordance with IFRS 5 and to ensure the comparability of results, reclassifications into discontinued operations or held for sale include:

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.

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