First-quarter 2010 turnover10 May 2010 14 May 2012 First-quarter 2012 turnover: €2.4 billion, +18% on an unadjusted basis, +14% at constant scope and exchange rates.
- At constant scope and exchange rates, turnover rose by 14% compared with the first quarter of 2011, thanks to strong volumes in the transport and logistics businesses, higher prices and volumes of oil products, and revenue growth in the media.
- On an unadjusted basis, growth amounted to 18%, thanks to the consolidation of LCN (Les Combustibles de Normandie) on 1 February 2011.
Turnover:
Bolloré's consolidated turnover for the first quarter of 2012 rose €2,427 million, compared with €2,051 million in the first quarter of 2011, an increase of 18%. At constant scope and exchange rates, it was up 14%.
| Change in first-quarter turnover by business |
First quarter |
|
|
| (in millions of euros) |
2011 |
2012
(at constant
scope and
exchange rates) |
2012 |
| Transport and logistics |
1,160 |
1,282 |
1,299 |
| Fuel distribution |
785 |
945 |
1,024 |
| Industry |
56 |
51 |
52 |
| Other (media, telecoms, plantations, holding companies) |
50 |
52 |
52 |
| Total |
2,051 |
2,330 |
2,427 |
At constant scope and exchange rates, the main businesses recorded the following performances compared with the first quarter of 2011:
- Transport and logistics: turnover was up 11%. It benefited from higher volumes in freight forwarding, particularly on intra-Asian routes, and the growth of transport and logistics activities in Africa;
- Fuel distribution: turnover was up 20%, thanks to the impact of higher prices and volumes of oil products. On an unadjusted basis, including LCN (Les Combustibles de Normandie) acquired in February 2011, the increase was 30%;
- Industry: turnover from industrial activities (electricity storage, plastic films, dedicated terminals and systems) was down 9% due to a decline in volumes of plastic films, and the decline in IER's consolidatable turnover;
- Other activities: the rise in sales includes the growth in advertising revenues from media activities (Direct 8, Direct Star, Direct Matin, etc.);
…/…
Highlights and outlook:
- Autolib': the ramp-up of the service launched at the end of 2011 continues, with 1,500 cars in circulation, 500 charging stations, 18,000 subscribers and more than 120,000 hires to date;
- Financière de l'Odet acquired 3.1% of Bolloré's share capital for €119 million during the first quarter;
- The Group's liquidity: Bolloré signed a new €1 billion syndicated loan with a pool of banks for a period of five years, replacing a previous credit facility that was to mature in 2014;
Without it being possible to extrapolate them to the full year, the key industrial and financial indicators were satisfactory at the end of the first quarter of 2012.