COMPAGNIE DE L'ODET
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
Revenue for Q3 2023
At constant scope and exchange rates, the Group’s revenue for the third quarter of 2023 totalled
- Oil Logistics:
668 million euros , -32% owing to the decrease in oil product prices and the decline in volumes sold; - Communications (Vivendi):
2,425 million euros , +3% benefiting from the strong performances of Groupe Canal+ (+5%) and Havas (+6%); - Industry:
85 million euros , +18% thanks to the completion of a storage stationary project.
On a reported basis, revenue was down 6% (
Revenue at the end of
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 decreased 4%, taking into account
At constant scope and exchange rates, the main sectors evolved as follows compared to the first nine months of 2022:
- Oil Logistics:
Bolloré Energy’s revenue came out at
- Communications:
Revenue amounted to
- Industry:
Revenue from industrial activities amounted to
This decrease resulted mainly from a decline in the sales of batteries and bus, as well as those of Films. However, specialized Terminals and
Evolution of revenue by activity |
(in millions of euros) | Q3 | 9 months | ||||||||
2023 (1) | 2022 (1) | Reported growth | Organic growth | 2023 (1) | 2022 (1) | Reported growth | Organic growth | |||
Bolloré Energy | 668 | 951 | -30% | -32% | 2,022 | 2,570 | -21% | -22% | ||
Communications | 2,425 | 2,366 | +2% | +3% | 7,121 | 6,892 | +3% | +3% | ||
Industry | 85 | 73 | +16% | +18% | 233 | 279 | -16% | -16% | ||
Other (Agricultural assets, Holdings) | 18 | 23 | -24% | -42% | 51 | 58 | -13% | -43% | ||
Total | 3,196 | 3,413 | -6% | -7% | 9,426 | 9,798 | -4% | -4% |
(1) Restated: in accordance with IFRS 5 and to ensure the comparability of results, reclassifications into discontinued operations or held for sale include:
- All the Group’s Transport and Logistics activities in
Africa in fiscal 2022 (these activities were disposed of onDecember 21 , 2022). Editis for fiscal 2022 and 2023 (Editis was deconsolidated onJune 21, 2023 as a result of the loss of control);- The rest of the Group’s Transport and Logistics activities for fiscal 2022 and 2023 (these activities are intended to be sold since
May 8 , 2023).
Recent highlights and events
- Communications
- Merger with Lagardère: on
June 9, 2023 , Vivendi announced that it had obtained authorisation from theEuropean Commission to carry out its proposed merger with Lagardère Group. This authorisation is subject to the fulfilment of the two commitments proposed by Vivendi, namely the sale of 100% of the capital ofEditis and the full sale ofGala magazine . Vivendi has signed an agreement with IMI to sellEditis andPrisma Media has also entered into a deed of sale for Gala’s business withFigaro Group . TheEuropean Commission must now approve these two buyers. The Group is confident that the merger with Lagardère will be finalised by the end of the year. It reiterates its commitment to maintaining the integrity of the Lagardère Group.
- Merger with Lagardère: on
- Groupe Canal+ continued to expand internationally in the third quarter, acquiring a 12% stake in the Viaplay Group, the pay-TV leader in the Nordic countries, and increasing its stake in MultiChoice Group, of which Groupe Canal+ held 32.93% as of
September 30, 2023 .
- Bolloré Logistics
On
Change in revenue per quarter |
(in millions of euros) | Q1 | Q2 | Q3 | ||||||
2023 (1) | 2022 organic | 2022 reported (1) | 2023 (1) | 2022 organic | 2022 reported (1) | 2023 (1) | 2022 organic | 2022 reported (1) | |
Bolloré Energy | 712 | 848 | 848 | 641 | 775 | 772 | 668 | 978 | 951 |
Communications | 2,290 | 2,244 | 2,216 | 2,407 | 2,307 | 2,310 | 2,425 | 2,352 | 2,366 |
Industry | 74 | 111 | 112 | 74 | 93 | 94 | 85 | 72 | 73 |
Other (Agricultural assets, Holdings) | 15 | 26 | 14 | 18 | 32 | 21 | 18 | 31 | 23 |
Total | 3,090 | 3,229 | 3,189 | 3,140 | 3,207 | 3,196 | 3,196 | 3,433 | 3,413 |
(1) Restated: in accordance with IFRS 5 and to ensure the comparability of results, reclassifications into discontinued operations or held for sale include:
- All the Group’s Transport and Logistics activities in
Africa in fiscal 2022 (these activities were disposed of onDecember 21 , 2022). Editis for fiscal 2022 and 2023 (Editis was deconsolidated onJune 21, 2023 as a result of the loss of control);- The rest of the Group’s Transport and Logistics activities for fiscal 2022 and 2023 (these activities are intended to be sold since
May 8 , 2023).
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.
Attachment
- 2023 10 19 Odet CAT3 EN
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