Bolloré: Q1 organic sales growth reaches 1%
(CercleFinance.com) - Bolloré has posted Q1 2020 sales that are up 5%, taking into account a positive impact from changes in its consolidation scope and FX factors.
LFL growth was 1% at 5,966 million euros.
This token organic growth mainly includes a 5% fall at its transport and logistics business and a 6% fall in its oil logistics division. However, its communication business (+4%) and storage of electricity and systems (+3%) both posted growth.
Bolloré adds that each of its businesses is analysing the potential consequences of the crisis, but that, at present, it is impossible to determine with certainty how long this will last and how it will impact its FY sales and results.
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