Compagnie De L'Odet : Results in Line With Expectations After Significant Changes in Scope
Compagnie De L'Odet : Results in Line With Expectations After Significant Changes in Scope
First-half 2024 results | September 16, 2024 |
2024年上半年業績報告 | 2024年9月16日 |
Results in line with expectations
after significant changes in scope
結果符合預期
在重大範圍變化後
- Changes in the scope of consolidation and reclassifications to discontinued operations and assets held for sale in accordance with IFRS 5 include:
- 根據IFRS 5,合併範圍變化和重分類爲停止經營和待售資產的調整包括:
- Bolloré Logistics, sold on February 29, 2024, reclassified in 2023 as a business held for sale;
- Lagardère, fully consolidated by Vivendi as of December 1, 2023;
- Editis, deconsolidated since June 21, 2023 and sold on November 14, 2023.
- Bolloré物流公司於2024年2月29日出售,在2023年被重新分類爲待售業務;
- Lagardère被Vivendi完全合併於2023年12月1日;
- Editis自2023年6月21日以來不再納入合併範圍,並於2023年11月14日出售。
- Revenue: 10,591 million euros, +4% at constant scope and exchange rates.
- Adjusted operating income (EBITA (1) (2)): 611 million euros, +10% (3), driven by Communications, despite declining results in Oilfield Logistics and Industry.
- 營業收入:1059100萬歐元,按業務範圍和匯率計算增長4%。
- 調整後的營業利潤(EBITA(1)(2)):61100萬歐元,增長10%(3),通信業務推動,儘管油田物流和工業業務的業績下降。
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Net income: 3,869 million euros compared to 207 million euros in the first half of 2023, including the provisional net capital gain on the disposal of Bolloré Logistics (3.7 billion euros).
- Net income, Group share: 2,211 million euros.
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Net cash position at Compagnie de l'Odet excluding Vivendi: 5,614 million euros at June 30, 2024 (1,734 million euros including Vivendi).
- 淨利潤:386900萬歐元,2023年上半年爲20700萬歐元,包括對博洛爾物流出售的暫定淨資本收益(37億歐元)。
- 淨利潤,集團份額:221100萬歐元。
- Compagnie de l'Odet在貝士****之外的淨現金頭寸爲561400萬歐元(包括貝士****在內的173400萬歐元)截至2024年6月30日。
First-half 2024 results
2024上半年業績
Compagnie de l'Odet's Board of Directors met on September 16, 2024 to approve the financial statements for the first half of 2024.
Compagnie de l'Odet董事會於2024年9月16日會議上通過了2024上半年財務報表。
Revenue amounted to 10,591 million euros, an increase of 4% at constant scope and exchange rates:
營業收入達到1059100萬歐元,以恒定範圍和匯率計算增長了4%:
- Bolloré Energy: 1,316 million euros, -6%, in a general context of falling volumes (FOD in particular) and, to a lesser extent, lower selling prices for petroleum products;
- Communications (Vivendi): 9,051 million euros, up +6%, mainly due to growth at Lagardère (+10%) and Groupe Canal+ (+3%);
- Industry: 178 million euros, +21%, due to the resumption of Bluebus deliveries to RATP and growth in Systems business.
- Bolloré Energy:131600萬歐元,下降了6%,主要是由於總體環境中銷量下降(尤其是FOD)和石油產品銷售價格較低;
- 通信(Vivendi):905100萬歐元,增長了+6%,主要是由於Lagardère(+10%)和Groupe Canal+(+3%)的增長;
- 行業板塊:17800萬歐元,增長21%,因Bluebus向RATP交付的恢復以及業務系統的增長。
On a reported basis, revenue was up, taking into account +3.9 billion euros of changes in the consolidation scope (mainly +3.8 billion euros corresponding to the full consolidation of Lagardère by Vivendi since December 1, 2023) and +22 million euros in currency effects (appreciation of the Euro against the US Dollar and depreciation against the Zloty, Pound Sterling and Swiss Franc).
按報告數據,營業收入增長,考慮到2023年12月1日緯世集團全面併入維旺迪+39億歐元的範圍變化(主要包括拉加德爾集團被維旺迪全面併購所帶來的+38億歐元變化)和+2,200萬歐元的匯率影響(歐元對美元升值,對茲羅提、英鎊和瑞士法郎貶值)。
Adjusted operating income (EBITA (4)) was 611 million euros, a +10% increase at constant scope and exchange rates:
調整後的營業收入(EBITA(4))爲61100萬歐元,與固定範圍和匯率相比增長10%:
- Bolloré Energy (5): 18 million euros, -20%, impacted by lower volumes of petroleum products (mainly FOD);
- Communications: 708 million euros (6), +15%, thanks mainly to growth at Lagardère and a higher contribution from UMG (negatively impacted in 2023 by the introduction of the share-based compensation plan);
- Industry (5): -70 million euros, a drop of -17 million euros on a reported basis compared with the first half of 2023, despite the improvement in results at Systems and Films.
- 保祿能源(5):1,800萬歐元,下降20%,受到石油產品銷量下降的影響(主要是FOD)。
- 通信-半導體:70800萬歐元(6),增長15%,主要得益於拉加德的增長以及UMG的貢獻增加(由2023年股權激勵計劃的引入對負面影響);
- 行業板塊(5):-7000萬歐元,較2023年上半年相比,彙報基礎下下降了-1700萬歐元,儘管業務系統和電影的業績有所改善。
Net financial income was 28 million euros, compared with -27 million euros in the first half of 2023.
It includes an increase in investment income, with the capital gain on the sale of Vivendi's Ticketing & Live business (106 million euros) offsetting the rise in financial expenses (including rental expenses) linked to the integration of Lagardère into Vivendi.
2013年上半年,淨財務收入爲2800萬歐元,而2023年上半年爲-2700萬歐元。
其中,投資收益增加,維旺迪的票務與現場業務銷售的資本收益(10600萬歐元)抵消了金融費用(包括租金費用)的上升,這與維旺迪整合拉加德爾相關。
Net income of non-operating companies accounted for using the equity method was -49 million euros compared to -41 million euros in the first half of 2023. This includes the share of net income from MultiChoice, Viu and Viaplay for -67.2 million euros. These negative contributions were partly offset by the Socfin Group's contribution of +18 million euros.
按權益法覈算的非營業性公司的淨利潤爲-4900萬歐元,而2023年上半年爲-4100萬歐元。其中,來自MultiChoice、Viu和Viaplay的淨利潤佔比爲-6720萬歐元。這些負面貢獻部分被Socfin集團的1800萬歐元貢獻所抵消。
After taking into account -137 million euros in taxes (compared with -139 million euros in the first half of 2023), consolidated net income came to 3,869 million euros, compared with 207 million euros in the first half of 2023. This sharp rise includes the provisional net capital gain of 3.7 billion euros on the sale of Bolloré Logistics.
考慮到-13700萬歐元的稅費(2023年上半年爲-13900萬歐元),綜合淨利潤爲386900萬歐元,而2023年上半年爲20700萬歐元。這一大幅增長包括37億歐元的暫定淨資本收益,來自波羅物流公司的出售。
Net income (Group share) amounted to 2,211 million euros, compared to 46 million euros in the first half of 2023.
淨利潤(集團份額)爲221100萬歐元,而2023年上半年爲4600萬歐元。
Shareholders' equity stood at 36,628 million euros, compared with 32,707 million euros at December 31, 2023, taking into account the impact of the capital gain on the disposal of Bolloré Logistics on Group net income.
股東權益爲36.62億歐元,比2023年12月31日的32.71億歐元有所增加,考慮到博洛雷物流對集團淨利潤的影響.
As at June 30, 2024, Compagnie de l'Odet (including Bolloré and excluding Vivendi) had a positive net cash position of 5,614 million euros compared with 932 million euros at the end of 2023. Including Vivendi, the Group's net cash position stood at 1,734 million euros compared with a debt of -1,907 million euros as at December 31, 2023, taking into account:
截至2024年6月30日,T公司 (包括B公司,不包括V公司) 的淨現金狀況爲5.61億歐元,2023年底爲0.932億歐元。包括V公司,集團的淨現金狀況爲1.734億歐元,而截至2023年12月31日,債務爲1.907億歐元,考慮到:
- the 4,682 million euro increase in Compagnie de l'Odet's net cash position excluding Vivendi, mainly following the completion of the sale of 100% of Bolloré Logistics to CMA CGM.
- the 1,041 million euro increase in Vivendi's indebtedness, mainly due to share purchases (Multichoice, Viaplay, Viu, Lagardère) and share buybacks.
- 不包括V公司, T公司的淨現金狀況 (不包括V公司) 增加了4.682億歐元,主要是由於將 Bolloré 物流100% 出售給 CMA CGm 完成的.
- V公司的負債增加了1.041億歐元,主要是由於股票購買 (Multichoice,Viaplay,Viu,Lagardère) 和股票回購.
At the end of June 2024, Compagnie de l'Odet (including Bolloré and excluding Vivendi) had 10 billion euros in cash and confirmed credit lines.
2024年6月底,T公司 (包括B公司,不包括V公司) 現金及已確認信用額度爲100億歐元.
Group structure
集團架構
Transactions carried out by Compagnie de l'Odet
Compagnie de l'Odet進行的交易
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Purchase of Bolloré SE shares by Compagnie de l'Odet
- Between March and August 2024, Compagnie de l'Odet acquired 19.4 million Bolloré SE shares (0.68% of the share capital) for 111.2 million euros.
- Compagnie de l'Odet購買了Bolloré SE的股份
- 在2024年3月至8月期間,Compagnie de l'Odet以11120萬歐元收購了1940萬Bolloré SE股份(佔股本的0.68%)
Operations carried out by Bolloré
由Bollore執行的業務
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Sale of Bolloré Logistics to CMA CGM
- On February 29, 2024, the Bolloré Group and the CMA CGM Group announced the completion of the sale of 100% of Bolloré Logistics to CMA CGM.
- The price received for the shares was 4.850 billion euros, on the basis of the estimated debt and cash on the completion date.
- The consolidated net capital gain is estimated at 3.7 billion euros.
- 將Bollore物流出售給CMA CGm
- 2024年2月29日,保祿集團和CMA CGm集團宣佈將保祿物流公司的100%股權出售給CMA CGm。
- 股票的交易價格爲48.5億元歐元,基於預估的債務和現金完成日期。
- 估計綜合淨資產收益爲37億歐元。
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Additional acquisition of UMG shares
- On July 25 and 26, 2024, the Bolloré Group acquired an additional 9.2 million UMG N.V. shares for 197 million euros.
- 額外收購UMG股票
- 2024年7月25日和26日,Bollore集團以1,9700萬歐元額外收購了920萬股UMG N.V.股票。
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Bolloré SE share repurchase program
- At September 11, 2024, Bolloré SE had acquired 1.7 million shares for 10.0 million euros under the share buyback program authorized by the Annual General Meeting of May 22, 2024.
- Bolloré SE股票回購計劃
- 截至2024年9月11日,Bolloré SE在股票回購計劃授權的前提下,以1000萬歐元購買了170萬股。
Transactions carried out by Vivendi
Vivendi開展的交易
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Share buyback by Vivendi
- As at September 11, 2024, share buybacks totaled 342 million euros, representing 45.1 million shares, of which 155 million euros had been paid out by June 30, 2024. Vivendi currently directly holds 38.1 million of its own shares, representing 3.70% of its share capital.
- Vivendi的股票回購
- 截至2024年9月11日,股票回購金額達到34200萬歐元,共計4510萬股,其中截至2024年6月30日已支付了15500萬歐元。Vivendi目前直接持有3810萬股,佔其股本的3.70%。
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Acquisition of several key holdings by Groupe Canal+ (7)
- Viu: on June 20, 2024, Groupe Canal+ increased its stake to 36.8% in Viu (from 30% previously), a leading streaming service in Asia, in accordance with the terms of the transaction announced in 2023. Following this investment, Groupe Canal+ has an option to increase its stake in Viu to 51%;
- Viaplay: On February 9, 2024, following a successful recapitalization, Groupe Canal+ increased its stake to 29.33% in Viaplay, the Scandinavian leader in pay TV and streaming, confirming its position as the largest shareholder;
- MultiChoice Group: on June 4, 2024, Groupe Canal+ and MultiChoice Group published a joint circular to MultiChoice shareholders relating to the mandatory offer issued by Groupe Canal+ to acquire the MultiChoice shares it did not already own, at a purchase price of the MultiChoice shares it does not already own, at a purchase price of ZAR 125 per share payable in cash, representing a total MultiChoice valuation of 2.6 billion euros (excluding treasury shares). As at June 30, 2024, Groupe Canal+ held 200 million Multichoice shares, i.e. 45.20% of the capital. At that date, the acquisition price of Groupe Canal+'s stake in Multichoice was 1,221 million euros (i.e. an average price of ZAR 113.95).
- Groupe Canal+的多個重要持股收購(7)
- Viu:2024年6月20日,Groupe Canal+按照2023年宣佈的交易條件將其在亞洲領先的流媒體服務公司Viu的持股比例從30%增加到36.8%。在此次投資之後,Groupe Canal+有權將其在Viu的持股比例增加到51%。
- 2024年2月9日,在成功重組之後,Groupe Canal+將其在Viaplay的持股比例增至29.33%,成爲最大的股東,鞏固了其作爲斯堪的納維亞付費電視和流媒體領導者的地位;
- 2024年6月4日,Groupe Canal+和MultiChoice Group發佈了一份致MultiChoice股東的聯合通函,涉及Groupe Canal+發出的收購MultiChoice未持有的股份的強制要約,購買價格爲每股ZAR 125,以現金支付,代表MultiChoice總估值爲26億歐元(不包括庫存股)。截至2024年6月30日,Groupe Canal+持有2000萬Multichoice股份,即資本的45.20%。在該日期,Groupe Canal+在Multichoice股權的收購價格爲1.221億歐元(即113.95 ZAR的平均價格)。
Ongoing simplification operations
正在進行的簡化操作
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Compagnie de Cornouaille
- On July 17, 2024, final completion of the simplified merger of Compagnie de Cornouaille into Bolloré SE. Bolloré SE now directly owns the stakes in UMG (18%) and Vivendi (29.3%) previously held by Compagnie de Cornouaille.
- Compagnie de Cornouaille
- 2024年7月17日,Compagnie de Cornouaille與Bolloré SE的簡化合並最終完成。 Bolloré SE現在直接擁有以前由Compagnie de Cornouaille持有的UMG(18%)和Vivendi(29.3%)的股權。
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Rivaud scope
- On September 12, 2024, as part of the rationalization and simplification of the Group's structures, Bolloré SE announced its intention to implement three public buyout offers followed by mandatory squeeze-outs on the shares of Compagnie du Cambodge, Financière Moncey and Société Industrielle et Financière de l'Artois.
- These tender offers will consist of alternative tender offers payable either in cash (cash offer) or in UMG shares (exchange offer), or a combination thereof.
- The proposed terms are as follows and are to be considered, regarding Compagnie du Cambodge and Financière Moncey, after the split of the nominal value of their shares by 100 which will be decided by the extraordinary general meeting of their shareholders to be held on October 21, 2024:
- for the Bolloré SE's tender offer on Compagnie du Cambodge: (i) cash offer: 93 euros per Compagnie du Cambodge share; (ii) exchange offer: 4.07 Universal Music Group (UMG) shares for 1 Compagnie du Cambodge share;
- for the Bolloré SE's tender offer on Financière Moncey: (i) cash offer: 118 euros per Financière Moncey share; (ii) exchange offer: 5.17 UMG shares for 1 Financière Moncey share;
- for the Bolloré SE's tender offer on Société Industrielle et Financière de l'Artois: (i) cash offer:
9,300 euros per Société Industrielle et Financière de l'Artois share; (ii) exchange offer:
407 UMG shares for 1 Société Industrielle et Financière de l'Artois share.
- These offers will be implemented after the completion of the mergers of Société des Chemins de Fer et Tramways du Var et du Gard by Compagnie du Cambodge on the one hand and Compagnie des Tramways de Rouen by Financière Moncey on the other hand, which will be submitted to the vote of the extraordinary general meetings of these companies on October 21, 2024.
- The completion of these offers is conditional upon the French Financial Market Authority (AMF) clearance decision.
- Rivaud的範圍
- 2024年9月12日,作爲集團結構合理化和簡化的一部分,Bolloré SE宣佈打算對Compagnie du Cambodge、Financière Moncey和Société Industrielle et Financière de l'Artois的股票實施三次公開收購要約,隨後強制拍賣出售。
- 這些要約收購將包括可支付現金(現金要約)或以UMG股份(交換要約)或兩者的組合方式。
- 擬議的條款如下,並將在2024年10月21日召開的股東特別股東大會上考慮Compagnie du Cambodge和Financière Moncey的分拆名義股價100:
- 對於Bolloré SE對Compagnie du Cambodge的要約收購:(一)現金要約:每股Compagnie du Cambodge 93歐元;(二)交換要約:每股Compagnie du Cambodge 4.07的環球音樂集團(UMG)股票。
- 對於Bolloré SE對Financière Moncey的要約收購:(一)現金要約:每股Financière Moncey 118歐元;(二)交換要約:每股Financière Moncey 5.17的UMG股票。
- 對於Bolloré SE對Société Industrielle et Financière de l'Artois的要約收購:(一)現金要約:每股Société Industrielle et Financière de l'Artois 9,300歐元;
(二)交換要約:每股Société Industrielle et Financière de l'Artois 環球音樂集團(UMG)407股份。
這些要約將在Compagnie du Cambodge一方收購Société des Chemins de Fer et Tramways du Var et du Gard以及Financière Moncey一方收購Compagnie des Tramways de Rouen的合併完成後實施,該合併將提交給這些公司的特別股東大會投票,並於2024年10月21日進行。
- 這些要約將在Compagnie du Cambodge一方收購Société des Chemins de Fer et Tramways du Var et du Gard以及Financière Moncey一方收購Compagnie des Tramways de Rouen的合併完成後實施,該合併將提交給這些公司的特別股東大會投票,並於2024年10月21日進行。
- 這些要約的完成將取決於法國金融市場管理局(AMF)的批准決定。
Compagnie de l'Odet consolidated key figures
Compagnie de l'Odet綜合主要數據
(in millions of euros) | 1st half of 2024 | 1st half of 2023 | Variation |
Chiffre d'affaires | 10,591 | 6,230 | 70% |
EBITDA (1) | 890 | 608 | 46% |
Amortization and provisions | (279) | (153) | |
Adjusted operating income (EBITA (1)) | 611 | 455 | 34% |
Amortization resulting from PPAs and restatement of concessions and the like under IFRS 16 (1)(2) | (275) | (111) | |
EBIT | 336 | 344 | (2%) |
of which operating companies accounted for using the equity method (3) | 98 | 99 | |
Financial income | 28 | (27) | |
Share in net income of non-operating companies accounted for using the equity method | (49) | (41) | |
Tax | (137) | (139) | |
Net income from discontinued operations and assets held for sale | 3,692 | 71 | |
Net income | 3,869 | 207 | |
Net income Group share | 2,211 | 46 | |
Minority interests | 1,658 | 161 | |
June 30, 2024 | December 31, 2023 | Variation | |
Equity | 36,628 | 32,707 | 3,921 |
Of which Group share | 13,589 | 11,549 | 2,040 |
Group net debt / (Cash) | (1,734) | 1,907 | (3,641) |
Gearing (4) | n.a. | 6% |
(以百萬歐元計) | 2024年上半年 | 2023年上半年 | 差異 |
營業收入 | 10,591 | 6,230 | 70% |
息稅折舊及攤銷前利潤(1) | 890 | 608 | 46% |
攤銷和準備金 | (279) | (153) | |
調整後的營業利潤(EBITA (1)) | 611 | 455 | 34% |
按照IFRS 16的要求,由於購買力平價和特許經營權的攤銷和重新計量導致的攤銷 | (275) | (111) | |
EBIT | 336 | 344 | (2%) |
其中,採用權益法覈算的經營單位佔據 (3) | 98 | 99 | |
財務收入 | 28 | (27) | |
非營業公司採用權益法的淨收益與股權 | (49) | (41) | |
稅務 | (137) | (139) | |
停止運營的經營性資產和資產組的淨收益 | 3,692 | 71 | |
淨收入 | 3,869 | 207 | |
淨利潤集團份額 | 2,211 | 46 | |
少數股東權益 | 1,658 | 161 | |
2024年6月30日 | 2023年12月31日 | 差異 | |
股權 | 36,628 | 32,707 | 3,921 |
其中集團股份 | 13,589 | 11,549 | 期間或按比例分配 |
集團淨債務/(現金) | (1,734) | 1,907 | (3,641) |
負債率(4) | 暫無數據 | 6% |
(1) See glossary.
(2) Including -95 million euros settlement with Vivendi institutional investors.
(3) Including, for the first half of 2024, the contribution from UMG's equity-accounted operating companies (+35 million euros at Vivendi and +65 million euros at Compagnie de l'Odet) versus, for the first half of 2023, the contribution from UMG (+25.5 million euros at Vivendi and +46.5 million euros at Compagnie de l'Odet) and the contribution from Lagardère accounted for using the equity method (26 million euros at Vivendi).
(4) Gearing: net debt/equity ratio.
(1)請參見術語表。
(2)包括與維旺迪機構投資者的9500萬歐元和解。
(3) 包括2024年上半年UMG的權益覈算運營公司貢獻(在Vivendi爲+3500萬歐元,在Compagnie de l'Odet爲+6500萬歐元),相比於2023年上半年UMG的貢獻(在Vivendi爲+2550萬歐元,在Compagnie de l'Odet爲+4650萬歐元)以及Lagardère的權益法覈算貢獻(在Vivendi爲2600萬歐元)。
(4) 財務槓桿:淨債務/淨資產比率。
Change in revenue by activity
按業務劃分的營收變動
(in millions of euros) | 1st half of 2024 | 1st half of 2023 | Reported | Organic | |
growth | growth | ||||
Bolloré Energy | 1,316 | 1,354 | (3%) | (6%) | |
Communication (Vivendi) | 9,051 | 4,696 | 93% | 6% | |
Industry | 178 | 148 | 21% | 21% | |
Other (agricultural assets, holding companies and others) | 45 | 33 | 38% | 13% | |
Total | 10,591 | 6,230 | 70% | 4% |
(以百萬歐元計) | 2024年上半年 | 2023年上半年 | 報告 | 有機 | |
增長 | 增長 | ||||
博樂綠能 | 1,316 | 1,354 | (3%) | (6%) | |
通信(維旺迪) | 9,051 | 4,696 | 93% | 6% | |
行業板塊 | 178 | 148 | 21% | 21% | |
其他(農業資產、控股公司和其他) | 45 | 33 | 38% | 13% | |
總費用 | 10,591 | 6,230 | 70% | 4% |
Change in revenue by quarter |
按季度劃分的營收變動 |
(in millions of euros) | 1st quarter | 2nd quarter | ||||
2024 | 2023 organic | 2023 | 2024 | 2023 organic | 2023 |
|
Bolloré Energy | 655 | 740 | 712 | 661 | 664 | 641 |
Communication (Vivendi) | 4,274 | 4,055 | 2,290 | 4,778 | 4,502 | 2,407 |
Industry | 75 | 74 | 74 | 104 | 74 | 74 |
Other (agricultural assets, holding companies and others) | 20 | 17 | 15 | 26 | 24 | 18 |
Total | 5,024 | 4,886 | 3,090 | 5,567 | 5,263 | 3,140 |
(以百萬歐元計) | 第一季度 | 第二季度 | ||||
2024 | 2023年有機 | 2023 | 2024 | 2023年有機 | 2023 |
|
博樂綠能 | 655 | 740 | 712 | 661 | 664 | 641 |
通信-半導體(維旺迪) | 4,274 | 4,055 | 2,290 | 4,778 | 4,502 | 2,407 |
行業板塊 | 75 | 74 | 74 | 104 | 74 | 74 |
其他(農產品資產、控股公司及其他) | 20 | 17 | 15 | 26 | 24 | 18 |
總費用 | 5,024 | 4,886 | 3,090 | 5,567 | 5,263 | 3,140 |
Adjusted operating income by activity (EBITA) |
按業務劃分的調整後營業收益(EBITA) |
(in millions of euros) | 1st half of 2024 | 1st half of 2023 | Reported growth | Organic growth |
Bolloré Energy (1) | 18 | 22 | (20%) | (20%) |
Communication | 708 | 515 | 37% | 15% |
Vivendi (2) | 619 | 444 | 39% | 14% |
UMG (consolidated using the equity method, Compagnie de l'Odet 18%) | 89 | 71 | 26% | 25% |
Industry (1) | (70) | (53) | (32%) | (31%) |
Other (agricultural assets, holding companies and others) | (45) | (30) | (52%) | (52%) |
EBITA Bolloré Group | 611 | 455 | 34% | 10% |
(以百萬歐元計) | 2024年上半年 | 2023年上半年 | 報告的增長 | 有機增長 |
Bollore能源(1) | 18 | 22 | (-20%) | (20%) |
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維旺迪(2) | 619 | 444 | 39% | 14% |
UMG(按股權法合併,Compagnie de l'Odet 18%) | 89 | 71 | 26% | 25% |
行業板塊(1) | (70) | (53) | (32%) | (31%) |
其他(農產品資產、控股公司和其他) | (45) | (30) | (52%) | (52%) |
Bollore集團EBITA | 611 | 455 | 34% | 10% |
All amounts are expressed in millions of euros and rounded to the nearest decimal.
所有金額均以百萬歐元爲單位,四捨五入。
(1) Before Group costs.
(2) Including the contribution of UMG's equity-accounted operating companies (48 million euros in the first half of 2024 and 39 million euros in the first half of 2023).
A detailed presentation of the results of its subsidiary Bolloré is available on .
The limited review procedures for the 2024 interim consolidated financial statements have been performed and the certification report will be issued after verification of the interim management report.
(1) 在集團費用之前。
(2) 包括UMG股權覈算的營運公司的貢獻(2024上半年4800萬歐元,2023上半年3900萬歐元)。
其子公司Bollore的結果詳細介紹可訪問 。
已對2024年中期合併財務報表進行了有限審查,認證報告將在中期管理報告核實後發佈。
Comparability of financial statements
財務報表的可比性
- In accordance with IFRS 5, and to ensure comparability of income, the reclassification as discontinued operations and assets held for sale concerns Bolloré Logistics for the 2023 and 2024 fiscal years (sold on February 29, 2024) and Editis for the 2023 fiscal year (sold on November 14, 2023);
-
Performance indicators
- At June 30, 2024, Compagnie de l'Odet has not changed the definition of its performance indicators, particularly EBITA, which are comparable to those at June 30, 2023. However, EBITA and operating income data are now presented before Group costs.
-
Changes in the scope of consolidation
- Lagardère has been fully consolidated since December 1, 2023, after being accounted for by the equity method for the first 11 months of 2023;
- Bolloré Logistics was sold on February 29, 2024;
- Viu has been consolidated under the equity method since June 21, 2023;
- Viaplay has been consolidated under the equity method since February 9, 2024;
- Vivendi has finalized the sale of its international festivals and ticketing activities on June 6, 2024.
- Change in major currencies
- 根據IFRS5的規定,爲確保收入的可比性,在2023年和2024年財年中,停用經營已經出售的Bollore物流(於2024年2月29日出售)和Editis(於2023年11月14日出售)的資產。
- 績效指標
- 截至2024年6月30日,歐雅德公司未更改其績效指標,尤其是EBITA,並與2023年6月30日的指標相比較。然而,EBITA和營業收入數據現在在集團成本之前呈現。
- 一、合併範圍變動
- 自2023年12月1日起,拉加德完全納入合併範圍,此前在2023年前11個月採用股權法覈算;
- Bollore物流已於2024年2月29日出售;
- 自2023年6月21日起,Viu一直按股權法覈算;
- 自2024年2月9日起,Viaplay一直按股權法覈算;
- 威望迪已於2024年6月6日完成其國際節慶和票務業務的出售。
- 二、主要貨幣變動
Average rate | 1st half of 2024 | 1st half of 2023 | Variation | |
USD | 1.08 | 1.08 | (0%) | |
GBP | 0.85 | 0.88 | 3% | |
PLN | 4.32 | 4.63 | 7% | |
CHF | 0.96 | 0.99 | 2% | |
CNY | 7.80 | 7.48 | (4%) | |
CZK | 25.02 | 23.68 | (6%) | |
RON | 4.97 | 4.93 | (1%) | |
CAD | 1.47 | 1.46 | (1%) |
平均利率 | 2024年上半年 | 2023年上半年 | 變化 | |
美元指數 | 1.08 | 1.08 | (0%) | |
gbp | 0.85 | 0.88 | 3% | |
PLN | 4.32 | 4.63 | 7% | |
瑞郎 | 0.96 | 0.99 | 2% | |
人民幣中國 | 7.80 | 7.48 | (4%) | |
捷克克朗 | 25.02 | 23.68 | (6%) | |
羅馬尼亞列伊 | 4.97 | 4.93 | (1%) | |
cad | 1.47 | 1.46 | (1%) |
Glossary
術語簡介
- Organic growth: at constant scope and exchange rates.
- Adjusted operating income (EBITA): corresponds to operating income before amortization of intangible assets related to business combinations (PAA: Purchase Price Allocation), impairment of goodwill and other intangible assets relating to business combinations, the IFRS 16 impact of concession agreements, and other income and expenses relating to transactions with shareholders not recognized in equity.
- EBITDA: operating income before depreciation and amortization and the IFRS 16 impact of concession contracts.
- Net financial debt / Net cash position: sum of borrowings at amortized cost less cash and cash equivalents, cash management financial assets as well as net derivative financial instruments (assets or liabilities) underlying a component of net financial debt, and cash deposits backing borrowings.
- 有機增長:按照恒定的範圍和匯率計算。
- 調整後的營業收入(EBITA):指併購相關無形資產攤銷,商譽減值和其他與併購相關的無形資產,特許協議的IFRS 16影響以及股東交易的其他收入和支出之前的營業收入。
- EBITDA:指考慮特許協議的IFRS 16影響和企業債務前折舊和攤銷的營業收入。
- 淨財務債務/淨現金頭寸:指根據攤銷成本的借款合計減去現金及現金等價物,現金管理金融資產以及作爲淨財務債務組成部分的淨衍生金融工具(資產或負債),以及用於支持借款的存款。
The non-GAAP measures defined above should be considered as additional information that does not replace GAAP measures of operating and financial performance and Compagnie de l'Odet considers them to be relevant indicators of the Group's operating and financial performance. It should also be noted that other companies may define and calculate these indicators differently. The indicators used by Compagnie de l'Odet may therefore not be directly comparable with those of other companies.
上述非美國通用會計準則【non-GAAP measures】應被視爲額外信息,不能替代GAAP會計準則所揭示的經營和財務績效,而僅作爲Compagnie de l'Odet對集團的經營和財務績效的相關指標。還需注意,其他公司可能以不同方式定義和計算這些指標。因此,Compagnie de l'Odet使用的指標可能與其他公司的指標不能直接進行比較。
The percentage changes shown in this document are calculated in relation to the same period of the previous 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.
本文檔中顯示的百分比變化是相對於上個財政年度的同期計算的,除非另有說明。由於四捨五入,在本演示文稿中,一些數據的總和可能並不完全對應於計算出的總和,所示的百分比可能與計算出的變化不對應。
(1) See glossary.
(1)見詞彙表。
(2) Including contributions from UMG's equity-accounted operating companies: +48 million euros at Vivendi and 89 million euros at Compagnie de l'Odet.
(2) 包括UMG的權益法覈算運營公司的貢獻:在維旺迪爲+4800萬歐元,在Compagnie de l'Odet爲8900萬歐元。
(3) At constant scope and exchange rates.
(3) 在不考慮結構和匯率變動的情況下。
(4) See glossary for the definition of EBITA.
(5) Before Group costs.
EBITA的定義,請見詞彙表。
(5) 在集團成本之前。
(6) Including contributions from UMG's equity-accounted operating companies: +48 million euros at Vivendi and 89 million euros at Compagnie de l'Odet.
(7) All of these investments are accounted for by Vivendi as non-operating associated companies.
(6) 包括來自UMG合併報表之門戶網站的貢獻:Vivendi貢獻4800萬歐元,Compagnie de l'Odet貢獻8900萬歐元。
(7) 所有這些投資均被維旺迪視爲非營業關聯公司。
Attachment
附件
- 2024 09 16 Odet CP résultats S1 2024 EN
- 2024年09月16日Odet CP S1 2024業績(英文)
譯文內容由第三人軟體翻譯。