Bolloré's turnover in the first quarter of 2015 rose 4.5% to €2,631 million boosted by a good performance by transportation & logistics activities (up 11%) and communications (up 20%).
On like-for-like structures and exchange rates, turnover edged down a slight 0.4%
due to the 15% decline in oil logistics, driven down by the fall in oil products prices. Excluding oil logistics, turnover rose 12% (5.3% on like-for-like structures and exchange rates) compared with the first quarter of 2014.
Bolloré's consolidated turnover came to €2,631 million, up 4.5% over the first quarter of 2014. It benefited from the 11% growth in transportation and logistics, and the 20% rise in communications. However, it was penalized by a pull-back in oil logistics activity (down 14%). On like-for-like structures and exchange rates, there was a slight decline of 0.4%.
Change in turnover by business segment 1st quarter
(in millions of euros)
2014
2014 (like-for-like structures and exchange rates)
2015
Change
% change (like-for- like structures and exchange rates)
Change - gross data
Transportation and Logistics 1,322 1,388 Oil Logistics 723 730 Communications (Havas, Media, Telecoms) 406 455 Electricity Storage and Solutions 60 61 Other (agricultural assets, holdings) 6 6 Total 2,517 2,640 | 1,463 +5% +11% 619 -15 % -14% | ||
Transportation and Logistics 1,322 1,388 Oil Logistics 723 730 Communications (Havas, Media, Telecoms) 406 455 Electricity Storage and Solutions 60 61 Other (agricultural assets, holdings) 6 6 Total 2,517 2,640 | 485 | +7% | +20% |
Transportation and Logistics 1,322 1,388 Oil Logistics 723 730 Communications (Havas, Media, Telecoms) 406 455 Electricity Storage and Solutions 60 61 Other (agricultural assets, holdings) 6 6 Total 2,517 2,640 | 59 | -4% | -2% |
Transportation and Logistics 1,322 1,388 Oil Logistics 723 730 Communications (Havas, Media, Telecoms) 406 455 Electricity Storage and Solutions 60 61 Other (agricultural assets, holdings) 6 6 Total 2,517 2,640 | 5 -20% -20% 2,631 -0.4% +4.5% |
On like-for-like structures and exchange rates, the principal sectors performed as follows compared with the first quarter of 2014:
Transportation and Logistics, Oil Logistics: turnover in transport and logistics grew 5% due to the robust rise in volumes in freight forwarding from Asia and Europe-Africa, and the increase in handling volumes in container terminals in Africa. On the other hand, turnover fell back 15% in oil logistics, hit by the fall in oil product prices.
Communications (Havas, Media, Telecoms): turnover was up 7% due primarily to the Havas business, which saw growth in all regions, particularly in North America, the United Kingdom and Asia-Pacific. It also includes the turnover of Wifirst, which grew substantially, and of Direct Matin, which continues to grow and now has a daily circulation of 900,000 copies.
Electricity Storage and Solutions: turnover generated by industrial activities (electricity storage, plastic films, terminals and specialized systems) fell 4%. It includes the turnover of IER and plastic films, which dipped slightly year-on-year, Bluebus and Bluecars sales, and reflects the ramp up of car-sharing, with 3,500 electric vehicles and 1,050 stations with 5,700 charging points. 207,000 individual users have signed up since December 2011, of whom 77,000 remain active premium annual subscribers, representing of around 5 million rentals per year.
The Group is also preparing to launch car-sharing services in Indianapolis (USA) and London (UK), where it was awarded the contract to manage charging points.
At €26.4 million up 32%, Blue Solutions' turnover in the first quarter of 2015 was derived almost entirely from activities with subsidiaries of the Bolloré Group (Bluecar, Bluestorage). They are therefore eliminated from Bolloré turnover. They include several developments in stationary storage, the results of which have been satisfactory to date, both technologically and commercially.
January 2015. The plant has an annual production capacity of 100 Bluetrams, set to increase to 200 Bluetrams by
2016-2017, following €20 million in additional investment.
In early February 2015, Bolloré was granted ministerial approval to roll out 16,000 charging stations across
France, representing an investment of €150 million between 2015 and 2018.
Although it is not possible to predict how the rest of the year will go, the principal industrial and financial indicators at the end of the first quarter of 2015 are still satisfactory. As in 2014, the fall in turnover in the first quarter of 2015 in the oil logistics sector should not have a significant effect on the Group's operating profit.
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