News / Bolloré posts spectacular Q1 growth, but says market recovery is in jeopardy

© Pavel Kapysh

French conglomerate Bolloré has warned of continued volatility in freight markets, as it posted healthy first-quarter results.

Revenue from its Transportation and Logistics business increased by 47% organically on the same period last year, to just over €2.36bn ($2.5bn).

It said the result was due primarily to “spectacular growth” in its forwarding business, which accounted for more than €1.73bn (+62%) of the total, “driven by the increase in freight rates in all areas, as well as the increase in air traffic volumes, ...