Compagnie de l'Odet : Stable revenue for Q1 2025

Core Insights - Compagnie de l'Odet reported stable revenue for Q1 2025, with a slight increase of 0.2% at constant scope and exchange rates, reaching 782 million euros, while reported revenue rose by 4.2% compared to Q1 2024, influenced by scope changes from the acquisition of Chantelat's business by Bolloré Energy [2][4]. Revenue Summary by Activity - Bolloré Energy: Revenue was 675 million euros, reflecting a decrease of 0.2% due to lower selling prices for petroleum products, although this was offset by higher sales volumes [6][7]. - Industry: Revenue increased to 78 million euros, up 1.5%, driven by growth in 6-meter bus sales and an increase in Film revenue, despite a decline in Specialized Terminals within the Systems activity [6][7]. - Other Sectors: Revenue from agricultural assets and holdings rose significantly by 42.3% to 28 million euros, with an organic growth of 8.1% [4]. Recent Events and Highlights - Bolloré SE filed public buyout offers followed by mandatory squeeze-outs for Compagnie du Cambodge, Financière Moncey, and Société Industrielle et Financière de l'Artois on September 13, 2024 [5]. - The Autorité des marchés financiers (AMF) declared these offers non-compliant on April 17, 2025, with further details to be published later [8]. - A court ruling on April 22, 2025, determined that Mr. Vincent Bolloré controls Vivendi SE, leading to a reassessment of the public buyout offer conditions [10]. Share Repurchase Programs - Compagnie de l'Odet initiated a share repurchase program, acquiring 2,354 shares for 3.2 million euros as of April 25, 2025 [11]. - Bolloré SE decided to cancel 21,374,391 treasury shares purchased under its share buyback program, retaining 16.1 million shares valued at 86.3 million euros as of April 25, 2025 [12][13].