Bolloré: 6% organic growth in Q1
(CercleFinance.com) - The Bolloré group published Q1 2018 sales of 5,333 million (including 3,108 million euros of Vivendi's turnover), up 107% as reported and up 6% like-for-like.
This organic growth was driven by 10% growth at the "Transport and logistics" division, which, as in H2 2017, benefits from increased volumes and strong growth at port terminals, and the 15% growth of the "Oil Logistics" division, following the increase in the price and volumes of oil products.
The "Communication" division also reported growth (+3%), as did that of "electricity storage and solutions" (+12%).
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This organic growth was driven by 10% growth at the "Transport and logistics" division, which, as in H2 2017, benefits from increased volumes and strong growth at port terminals, and the 15% growth of the "Oil Logistics" division, following the increase in the price and volumes of oil products.
The "Communication" division also reported growth (+3%), as did that of "electricity storage and solutions" (+12%).
Copyright (c) 2018 CercleFinance.com. All rights reserved.