Financière de l'Odet : First half 2019 Results

 PRESS RELEASE First half 2019 ResultsSeptember 12, 2019    Good results across all Group activitiesin the first half of 2019    Revenue: 11,780 million euros, +4%at constant scope and exchange rates (+8% on a reported basis).  Adjusted operating income (EBITA([1]) ) 918 million euros, +27%([2]) at constant scope and exchange rates:  Bolloré Transport & Logistics: 309 million euros, +15%(2) , thanks to increased...

Puteaux, 12/09/2019 (informazione.news - comunicati stampa - trasporti)

 

Good results across all Group activities

in the first half of 2019

First half 2019 results

The Group's liquidity position : as of June 30, 2019, including undrawn confirmed lines and liquid investments represented approximately 2.3 billion euros for Financière de l'Odet and 9.7 billion euros including Vivendi.

All amounts are expressed in millions of euros and rounded to the nearest decimal. As a result, the sum of the rounded amounts may differ slightly from the reported total.

All amounts are expressed in millions of euros and rounded to the nearest decimal. As a result, the sum of the rounded amounts may differ slightly from the reported total.

             

The procedures for a limited review of the half-year financial statements have been carried out. The limited review report will be issued after a review of the half-year financial report.

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Comparability of financial statements

New standards applied from January 1, 2019

                    

Glossary

The non-GAAP measures defined below should be considered in addition to, and not as a substitute for other GAAP measures of operating and financial performance, and Financière de l'Odet considers these to be relevant indicators of the Group's operational and financial performance. Furthermore, it should be noted that other companies may define and calculate these indicators differently. It is therefore possible that the indicators used by Financière de l'Odet cannot be directly compared with those of other companies.

The percentages changes indicated in this document are calculated in relation to the same period of the preceding fiscal year, unless otherwise stated. Due to rounding in this presentation, the sum of some data may not correspond exactly to the calculated total and the percentage may not correspond to the calculated variation.

 

See glossary

Restated for the first-time application of IFRS 16, which had a positive impact of 36 million euros on EBITA, growth was 22% for the Group, +9% for Bolloré Transport & Logistics and +24% for Vivendi.

See glossary

Restated for the first-time application of IFRS 16, which had a positive impact of 36 million euros on EBITA, growth was +22% for the Group,
+9% for Bolloré Transport & Logistics and +24% for Vivendi.

The impact of the introduction of IFRS 16 (interest expense on lease liabilities) is a negative 45 million euros

Reclassified under equity-accounted non-operating companies since June 30, 2018

Excluding Vivendi.

See glossary

Gearing: ratio of net debt to equity

Excluding Vivendi

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