Ti: Africa and logistics key drivers to 2018 growth at Bolloré

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As I wrote earlier today for Transport Intelligence, “after a truly transformational 2017, France’s Bolloré continued to grow in 2018, although its headline financials were also clouded by several accounting adjustments that rendered year-on-year comparisons particularly challenging.

“Group revenues – up 7% to €23bn at constant scope and exchange rates – rose 26% on a reported basis, following IFRS-15 accounting restatements, and including €13.9bn from Vivendi, which was fully consolidated in early 2017. Meanwhile, goodwill and intangibles amounted to 44% of total assets, and were virtually unchanged in absolute terms.”

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