banner



Home  ›  Salon De L'auto Paris 2021 Billetterie

Salon De L'auto Paris 2021 Billetterie

Written By Sunday, September 25, 2022 Add Comment Edit

  • South&P 500

  • Dow thirty

  • Nasdaq

  • Russell 2000

  • Crude Oil

  • Gold

  • Silvery

  • EUR/USD

  • 10-Twelvemonth Bond

  • GBP/USD

  • USD/JPY

  • BTC-USD

  • CMC Crypto 200

  • FTSE 100

  • Nikkei 225

Compagnie de 50'Odet : First-half 2021 results

COMPAGNIE DE L'ODET

First-half 2021 results

30 July 2021

Proficient results
for all the Grouping's business concern activities

  • Acquirement: €12,786 million, + thirteen % at constant scope and substitution rates.

    • Adjusted operating income (EBITA ( i ) ): €1,308 meg, +43% at abiding scope and substitution rates:

  • Bolloré Transport & Logistics:

+ €335m

+15%

  • Communications:

+ € one,066m

+49%

  • Electricity Storage and Systems:

-€50m

an comeback of +€17m

  • Net income, Group share: €100 meg, upward +nineteen%, which does non include the capital gain on the auction on 29 January 2021 of 10% of the majuscule of Universal Music Grouping (UMG) on the footing of an enterprise value of €thirty billion for 100%, recognised in disinterestedness for €ii.eight billion.
    Total net income stands at €6 28 thou (-1 6 %) given the drop in the share prices of Spotify and Tencent Music Entertainment securities later on a abrupt increase in the showtime one-half of 2020.

  • Net debt: €6,947 one thousand thousand, down -€2,155 million compared to December 31, 2020. Thousand earing: 25% vs. 38% at the finish of 2020.

  • Maintaining a high level of liquidity at € 3 . three billion equally of June 30, 2021, excluding Vivendi's undrawn confirmed credit lines and liquid investments.

Start-half 2021 results

At its coming together on July thirty, 2021, the Board of Directors of Compagnie de l'Odet canonical the financial statements for the outset one-half of 2021.

First-half 2021 revenue amounted to €12,786 million, upwardly 13% at abiding scope and exchange rates:

  • Ship and Logistics increasing: €three,223 million, up 15%:
    • Bolloré Logistics: +xix%, benefiting from high levels of activity in the sea and air sectors;

    • Bolloré Africa Logistics: +8% driven by growth in port terminals;

  • Oil Logistics: €ane,165 meg, +12% owing to the increase in oil-product prices and volumes (trading);
  • Communications: €8,219 million, +12%, mainly attributable to growth in the main business lines with UMG (+17%), Culvert+ Group (+5%) and Havas (+7%) as activity picked upward in the 2nd quarter;
  • Electricity Storage and Systems: €174 million, +43%, due to the increment in sales of batteries and 12-meters buses.

On a reported ground, revenue increased +10%, including +€64 one thousand thousand in changes in scope and -€340 million in foreign exchange impacts (resulting from the decline in the US dollar and other currencies).

Adjusted operating income ( EBITA ( ii ) ) came out at €1,308 million, up 43% at constant scope and substitution rates:

  • Transport and Logistics: €312 million, +22%, given the skillful operation of port terminals and the freight forwarding;
  • Oil Logistics: €23 million, -34%, later on an exceptional start half of 2020 in the context of the lockdown;
  • Communications (Vivendi): €1,066 million, +49%, thank you to solid performances by UMG, Canal+ Group, Havas and Editis;
  • Electricity Storage and Systems: -€fifty million, an improvement of +€17 one thousand thousand on a reported basis compared with 2020, linked to the cessation of car-sharing activities equally part of the strategic redeployment in batteries and buses.

Financial income amounted to -€122 one thousand thousand, compared with +€444 million in the first half of 2020. It mainly includes -€170 million in devaluations of Spotify and Tencent Music securities (versus +€449 million of revaluation in the starting time half of 2020) and €102 million in dividends from Mediaset (received on July 22, 2021).

The net income of equity-accounted non-operating companies totaled -€25 1000000, compared with -€91 million in the showtime half of 2020. It mainly includes Telecom Italia's contribution to Vivendi. In 2020, it included a provision on Mediobanca that has non been consolidated since Oct 2020( three ).

After accounting for -€326 one thousand thousand in taxation (compared with -€353 million in the first one-half of 2020 attributable), consolidated internet income amounted to €628 meg, compared with €750 million in the first half of 2020.
Net income Group share came out at €100 million, compared with €84 one thousand thousand in the first half of 2020.

Cyberspace debt amounted to €vi,947 1000000 versus €nine,102 1000000 at December 31st, 2020, due to:

  • the reduction in Vivendi'due south debt (-€2.1 billion) following the receipt of €2.viii billion related to the disposal of an additional 10% of UMG on Jan 29, 2021;

  • the reduction in Bolloré's debt excluding Vivendi (-€0.2 billion) given the disposal of an additional ii% of Mediobanca in January 2021 for €192 one thousand thousand.

Shareholders' disinterestedness amounted to €28,140 million (€24,137 million at 31 Dec 2020), an improvement of
€four,003 one thousand thousand, particularly given the bear upon of the sale of an boosted 10% of UMG to Tencent on January 29, 2021 (+€2.8 billion).

On June 30, 2021, the Grouping's liquidity position, undrawn confirmed lines and liquid investments represented
€3.iii billion for Compagnie de 50'Odet, excluding credit lines and investments at Vivendi level.

  • Universal Music Group (UMG)

  • Additional sale of x% of UMG to Tencent

On January 29, 2021, Vivendi finalized the auction of an boosted 10% of the share capital of UMG to the consortium led by Tencent based on an enterprise value of €30 billion for 100% of UMG's share capital letter. This transaction resulted in an inflow of €2,847 million for Vivendi. The Tencent-led consortium now owns twenty% of UMG.

  • Approval of the proposed distribution to shareholders of 60% of the UMG shares

Vivendi's General Shareholders' Meeting of June 22, 2021 approved the proposed infrequent distribution in kind of 60% of UMG shares at 99.ix%. UMG's listing on the regulated market of Euronext Amsterdam and the detachment of the distribution are scheduled for 21 September ( 4 ) .

  • Planned disposal of 5 to ten% of UMG to Pershing Square

Vivendi accustomed PSTH's request that Pershing Square investment funds, owned by Mr. William Ackman, be substituted for the conquering of ten% of the capital of UMG announced on June 20.
The share of UMG'due south capital, which will ultimately exist acquired by these funds, will exist between 5% and 10%. If this proportion proves to be less than 10%, Vivendi still intends to sell the difference to other investors.

  • Purchase of Vivendi shares

During the first half of the yr, Compagnie de 50'Odet acquired vi million Vivendi shares at an boilerplate cost of €28.31 per share and for a full corporeality of €170 million. To date, Compagnie de l'Odet holds 0.54% of Vivendi's share capital. With the stake held by Compagnie de Cornouaille - a wholly-owned subsidiary of Bolloré - the Group's total pale afterwards cancellation of the shares carried out at the end of July is 29.5%.

****
***
*

Consolidated key figures for Compagnie de l'Odet

(in € millions)

H1 2021

H1 2020

Modify 2020-2021

Acquirement

12,786

11,612

10%

EBITDA (1)

1,650

ane,449

xiv%

Depreciation and provisions

(341)

(506)

Adjusted operating income ( EBITA ( ane) )

1,308

943

39%

Amortization resulting from PPAs (1)

(208)

(194)

EBIT

1,101

749

47%

o/w operating equity associates

29

4

Financial income

(122)

444

Share of the net income of equity-accounted not-operating companies

(25)

(91)

Taxes

(326)

(353)

Net income

628

750

(16%)

Net income Group share

100

84

19%

Minority interests

528

666

(21%)

June thirty,
2021

December 31, 2020

Change 2020-2021

Shareholders' e quity

28,140

24,137

iv,003

o/w Group share

four,845

3,884

960

Grouping n et debt

6,947

9,102

(2,155)

Gearing (2)

25%

38%

(one) See glossary
(ii) Gearing: net debt/disinterestedness ratio

Change in revenue by business activity in the first one-half

(in € millions)

H1

H1

Reported

Organic

H1

2021

2020

growth

growth

2019

Transportation and Logistics

three,223

ii,856

13%

fifteen%

ii,974

Oil logistics

one,165

i,046

xi%

12%

one,278

Communications

viii,219

vii,574

9%

12%

7,351

Electricity Storage and Systems

174

122

42%

43%

160

Other (Agricultural Avails, Belongings)

5

xiii

(63%)

(63%)

17

Total

12,786

11,612

ten%

13%

xi,780

Change in acquirement per quarter

(in € millions)

Q1

Q2

2021

2020 Organic growth

2020 reported growth

2021

2020
Organic growth

2020 reported growth

Transportation and Logistics

1,555

i,358

1,394

1,668

ane,453

1,462

Oil logistics

565

630

631

600

413

415

Communications

three,900

iii,713

3,868

4,319

3,634

iii,706

Electricity Storage and Systems

80

64

65

94

58

58

Other (Agronomical Assets, Holding)

2

8

eight

3

6

half dozen

Total

six,102

v,773

5,966

half dozen,684

five,563

5,646

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

Adjusted operating income by business activity (EBITA)

(in € millions)

H1 2021

H1 2020

Reported growth

Organic
growth

H1 2019

Bolloré Transport ation & Logistics

335

303

11%

fifteen%

309

Transportation & Logistics (ane)

312

268

17%

22%

284

Oil logistics

23

35

(34%)

(34%)

25

Electricity Storage and Systems

(50)

(67)

25%

17%

(81)

Communication s

one,066

735

45%

49%

718

Other (Agricultural Assets, Property)( i)

(43)

(28)

(52%)

(54%)

(28)

Group EBITA

1,308

943

39%

43%

918

(1) Before Bolloré trademark fees

The express review procedures for the 2021 half-yearly consolidated financial statements accept been carried out and the certification written report will be issued afterwards verification of the half-yearly action report.

*****
***
*

Comparability of fiscal statements | I nformation on the impacts of COVID-xix

Equally of June xxx, 2021, the Bolloré Group had not adjusted the definition of operation indicators, including EBITA, which are comparable to those of 2020.

  • Alter in scope of consolidation

Prisma Media has been consolidated past Vivendi since June1st, 2021.

  • Evolution of master currencies

Average rate

H1 2021

H1 2020

Change

USD

one.twenty

ane.10

(nine%)

GBP

0.87

0.87

1%

PLN

4.54

4.41

(3%)

JPY

129.80

119.21

(9%)

CNY

7.79

seven.75

(1%)

ZAR

17.52

xviii.33

four%
  • Exceptional distribution project in kind of lx% of UMG by Vivendi

The financial statements as at June xxx, 2021 exercise non include any touch on resulting from this transaction, which is still subject to conditions precedent.

  • Information on the impacts of COVID-nineteen

During the first half of 2021, the Group'southward activities showed good resilience, particularly in Transportation, and at Vivendi in music and pay television. Given the good performance of the business lines, the Group did non identify any impairment losses in the beginning half of 2021. Information technology still benefits from a loftier level of liquidity. Nevertheless, the Grouping continues to appraise on an ongoing ground the electric current and potential consequences of the wellness crunch, which are still temporarily weighing on certain activities due to the restrictive measures taken by governments to curb the epidemic, while remaining confident in its resilience and capacity for adaptation.

Glossary

  • Organic growth: growth at constant telescopic and exchange rates.

  • Net revenue (Havas Group): revenue after deduction of re-billable costs

  • Adapted operating income (EBITA): operating income before amortization of intangible assets related to business combinations ("PPA": Purchase Toll Allocation), impairment of goodwill and other intangible assets related to business organisation combinations.

  • EBITDA: operating income before depreciation and amortization.

  • Net financial debt / Net cash position: sum of borrowings at amortized price, less cash and cash equivalents, cash management financial assets and internet derivative financial instruments (assets or liabilities) with an underlying net financial indebtedness, besides every bit cash deposits backed by borrowings.

The non-GAAP measures defined above should be considered in add-on to, and not as a substitute for, other GAAP measures of operational and financial performance, and Compagnie de l'Odet considers these to exist 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 Compagnie 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 aforementioned period of the preceding financial year, unless otherwise stated. Due to rounding in this presentation, the sum of some data may not represent exactly to the calculated full and the per centum may not correspond to the calculated variation.

1 See glossary
2 See glossary

three Following the loss of significant influence, due in detail to the reduction of the stake.

4 Subject to approving of the transaction by the AFM and to the determination of the payment of an exceptional interim dividend by Vivendi.

Zipper

  • 2021-07-xxx-Odet -CP-résultats S1 2021 Britain final

Source: https://finance.yahoo.com/news/compagnie-lodet-first-half-2021-154500677.html

Posted by: austinbution.blogspot.com

0 Response to "Salon De L'auto Paris 2021 Billetterie"

Post a Comment

Subscribe to: Post Comments (Atom)

Iklan Atas Artikel

Iklan Tengah Artikel 1

Iklan Tengah Artikel 2

Iklan Bawah Artikel