Bollore 1Q Revenue Rose
April 20 2020 - 2:44AM
Dow Jones News
By Mauro Orru
Bollore SE said Monday that its revenue for the first quarter of
2020 rose, thanks to 174 million euros ($189.1 million) arising
from the consolidation of M7 and Editis by Vivendi SA, and foreign
exchange of EUR50 million.
The French conglomerate said revenue for the quarter climbed to
EUR5.97 billion from EUR5.69 billion on a reported basis in the
first quarter of the previous year, or EUR5.91 billion at constant
scope and exchange rates in 1Q 2019.
Bollore said the impact from the coronavirus pandemic on
activities remains limited at this stage.
Revenue for the transportation and logistics business fell 5%
due to the fall in air traffic, although the business is reaping
the benefits of freight transport, partly offsetting the
slowdown.
The company said it has EUR2.5 billion in liquid assets, undrawn
confirmed credit lines and liquid investments as of March 31,
rising to EUR9.6 billion including Vivendi.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
April 20, 2020 02:29 ET (06:29 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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