(News Bulletin 247) – The group’s turnover fell by 11% to 4,433 million euros in the first quarter of 2023 at constant scope and exchange rates. In published data, revenue is down 10% compared to revenue for the first quarter of 2022.
The Bolloré Logistics activity posted revenue of 1,355 million euros, down 24% compared to the first quarter of 2022. ‘ This contraction is explained by the drop in freight forwarding volumes both in traffic by air than by sea, and by the decline in freight rates,” explains the group.
Bolloré Energy posted revenue of 712 million euros, down 16%, ‘ due to the decline in volumes sold as well as the decline in the price of petroleum products which had risen sharply in the first quarter of 2022, due to the beginning of the war in Ukraine ‘.
The Communication business (Vivendi) posted revenue of 2,290 million euros, up 2% organically compared to the first quarter of 2022. Vivendi benefited from the growth of all Canal+ Group businesses (+ 1%; in particular Studiocanal driven by the success of several films), the good commercial momentum of Havas Group (+1%) as well as the confirmation of the strong growth in Gameloft’s business (+14%) driven by the success of the Disney game Dreamlight Valley.
Revenue from industrial activities (Films, Blue, Systems) amounted to 74 million euros compared to 111 million euros in the first quarter of 2022 due to the decline in bus sales, despite the increase in Systems activities (IER/ Automatic Systems and Polyconseil).
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