While we were anticipating Bolloré’s Q2 to be tough, particularly for its transportation & logistics division, an unexpected rise in air freight and positive price developments supported the division’s trading results and profitability in H1. The proven resilience of Vivendi (and UMG in particular), in addition to stronger ‘core activities’ at the Bolloré level, point to a less gloomy outlook despite the challenges of a still uncertain H2 economic rec
04 Aug 2020
Surprising resilience of Transportation & Logistics in Q2
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Surprising resilience of Transportation & Logistics in Q2
Bollore SE (BOL:WBO) | 0 0 (-1.5%) | Mkt Cap: 12,644m
- Published:
04 Aug 2020 -
Author:
Jorge Velandia -
Pages:
2
While we were anticipating Bolloré’s Q2 to be tough, particularly for its transportation & logistics division, an unexpected rise in air freight and positive price developments supported the division’s trading results and profitability in H1. The proven resilience of Vivendi (and UMG in particular), in addition to stronger ‘core activities’ at the Bolloré level, point to a less gloomy outlook despite the challenges of a still uncertain H2 economic rec