Bolloré – 2022 results

PRESS RELEASE 

14 March 2023 

Good results for all of the Group’s activities in 2022 

– Revenue: 20,677 million euros, +20% at constant scope and exchange rates.

– Adjusted operating income (EBITA ^{(1) (2)}): 1,502 million euros, +47 % at constant scope and exchange rates, driven by the very good performance of the Transport and Logistics (578 million euros, +84%) and Communications (1,086 million euros, +20%) sectors.

– Net income: 2,724 million euros, including 3,150 million euros in net capital gain from the sale of Bolloré Africa Logistics to MSC for an enterprise value, net of minority interests, of 5.7 billion euros. It also includes the result of the deconsolidation of Vivendi’s stake in Telecom Italia (-1,494 million euros) and the capital gain on the sale on the contribution of the stake in Banijay to FL Entertainment (515 million euros). The 2022 net income was not very comparable to 2021, which included the capital gain from the deconsolidation of Universal Music Group (19.9 billion euros). 2022 net income Group share: 3,400 million euros.

– Net cash: 1,207 million euros as of December 31, 2022, compared to a net debt of 3,428 million euros as of December 31, 2021, mainly following the sale of Bolloré Africa Logistics.

– Group liquidity: 12 billion euros in cash and confirmed lines on 31 December 2022, including 8 billion euros at the Bolloré level.

– Proposed dividend: 0.06 euros per share (including an interim dividend of 0.02 euros already paid in September 2022), identical to that paid in respect of 2021.

– Institution of an ad hoc committee and appointment of an independent expert in connection with a proposed simplified cash tender offer of Bolloré SE for a maximum number of its own shares representing 9.78% of its share capital, at a price of EUR 5.75 per share.

The full release can be download here.