FINANCIère de l'odet
PRESS RELEASE |
First Quarter 2018 Financial Information | May 17, 20180 |
Financière de l'Odet Group revenue up 6% (organic growth)
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First Quarter 2018 Revenue:At constant scope and exchange rates, Group revenue for the first quarter of 2018 increased by 6% to €5,333 million. This change mainly reflects the: .
It also includes the growth in the communications business (+3%) and the increase in electricity storage and solutions (+12%). On a reported basis, revenue rose by 107%, taking into account a consolidation scope effect of €2,673 million, corresponding to the full consolidation of Vivendi and the disposal of Havas, which is now consolidated within the Vivendi Group. Currency fluctuations had a negative impact of €234 million on the Group's first quarter 2018 revenues. Change in revenue by business segment |
(in millions of euros) | First quarter | |||||
2018 | 2017 (1) | 201 | Reported | growth | ||
Organic | growth | |||||
Transport and logistics | 1,457 | 1,321 | 1,387 | 5% | 10% | |
Oil logistics | 670 | 580 | 584 | 15% | 15% | |
Communications (Vivendi, Media, Telecoms) | 3,122 | 3,043 | 531 | 488% | 3% | |
of which Vivendi(2) | 3,108 | 3 031 | 0 | n.a. | 3% | |
of which Havas (2) | 0 | 0 | 518 | n.a. | n.a. | |
Electricity Storage and Solutions | 79 | 70 | 73 | 8% | 12% | |
Others (Agricultural Assets, Holdings Companies) | 7 | 6 | 6 | 11% | 11% | |
Total | 5,333 | 5,020 | 2,581 | 107% | 6% |
At constant scope and exchange rates, compared with the first quarter of 2017, the main business segments have developed as follows:
Since March 2018, Compagnie de Cornouaille has acquired approximately 4% additional shares for €1.2 billion, bringing Bolloré Group's shareholding in Vivendi to almost 24% of the share capital[2]).