The widespread decline in air and sea freight volumes spurred on by the trade war and the uncertain macro-economic environment is catching up with Bolloré, with revenues decreasing by 4% lfl in Transportation & Logistics. Nonetheless, the scenario is more upbeat in the Communications division, as UMG continues to post solid rates of growth (up +16%), much to the benefit of Vivendi (+7%). Opportune disposals of non-core assets should keep the cash flowing in spite of a challenging o
18 Oct 2019
Q3: Transportation & Logistics feels the pinch
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Q3: Transportation & Logistics feels the pinch
Bollore SE (BOL:WBO) | 0 0 (-1.5%) | Mkt Cap: 12,644m
- Published:
18 Oct 2019 -
Author:
Jorge Velandia -
Pages:
3
The widespread decline in air and sea freight volumes spurred on by the trade war and the uncertain macro-economic environment is catching up with Bolloré, with revenues decreasing by 4% lfl in Transportation & Logistics. Nonetheless, the scenario is more upbeat in the Communications division, as UMG continues to post solid rates of growth (up +16%), much to the benefit of Vivendi (+7%). Opportune disposals of non-core assets should keep the cash flowing in spite of a challenging o