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Bolloré : Stable revenue for Q1 2025
Globenewswire· 2025-04-29 15:40
Company Overview - Bolloré Group reported a revenue of 782 million euros for Q1 2025, reflecting a 0.2% increase at constant scope and exchange rates, and a 4.2% increase on a reported basis compared to Q1 2024 [2][4] - The revenue growth included an additional 29 million euros from scope changes, primarily due to the acquisition of Chantelat's business by Bolloré Energy [2] Revenue by Activity - Bolloré Energy generated 675 million euros in revenue, a slight decrease of 0.2% due to lower selling prices for petroleum products, which was offset by higher sales volumes [7][8] - The industrial activities segment reported revenue of 78 million euros, up 1.5%, driven by increased sales of 6-meter buses and growth in film revenue, despite a decline in specialized terminals [7][8] - Other sectors, including Agricultural Assets and Holdings, saw a significant increase in revenue, reaching 29 million euros, which is a 40.2% rise [4] Recent Events - Bolloré SE filed three alternative buyout offers followed by mandatory squeeze-outs for shares of 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 grounds to be published later [6] - A Paris Court of Appeal ruling on April 22, 2025, determined that Bolloré SE controls Vivendi SE, which may affect future public buyout offers related to Vivendi [10] Share Repurchase Program - On March 17, 2025, Bolloré SE's Board of Directors decided to cancel 21,374,391 treasury shares purchased under the share buyback program [11] - Following this cancellation, Bolloré SE holds 16.1 million shares, acquired for 86.3 million euros, representing 0.6% of the share capital as of April 25, 2025 [12]