Bolloré released sales figures that, despite falling in line with our estimates, paint a worrisome picture for the group’s ‘core activities’ (i.e. excluding Vivendi). Particularly in the context of a latent global slowdown due to the Covid-19 outbreak and its potential impact on global freight volumes and oil product prices. The outlook for 2020 may not differ much from the disappointing performance of Bolloré’s core businesses in 2019.
14 Feb 2020
A strong Vivendi redeems a challenging FY19 for the core activities
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A strong Vivendi redeems a challenging FY19 for the core activities
Bollore SE (BOL:WBO) | 0 0 (-1.5%) | Mkt Cap: 12,644m
- Published:
14 Feb 2020 -
Author:
Jorge Velandia -
Pages:
3
Bolloré released sales figures that, despite falling in line with our estimates, paint a worrisome picture for the group’s ‘core activities’ (i.e. excluding Vivendi). Particularly in the context of a latent global slowdown due to the Covid-19 outbreak and its potential impact on global freight volumes and oil product prices. The outlook for 2020 may not differ much from the disappointing performance of Bolloré’s core businesses in 2019.