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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Financiere De L'odet Sa | LSE:0OPN | London | Ordinary Share | FR0000062234 | FINANCIERE DE L'ODET ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 840.00 | 828.00 | 852.00 | 7 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Offices-holdng Companies,nec | 19.01B | 122.4M | 18.5849 | 80.82 | 9.89B |
COMPAGNIE DE L'ODET
Financial information for the third quarter 2021 |
PRESS RELEASE
Strong growth in revenue during the third quarter of 2021:
+22% at constant scope and exchange rates
Revenue for the third quarter 2021
At constant scope and exchange rates, the Group’s third-quarter 2021 revenue was up 22% to €5,082 million. This change mainly includes:
On a reported basis, revenue increased by 25% compared to the third quarter of 2020. This increase includes positive changes in scope (totalling €90 million) mainly associated with the acquisition of Prisma Media.
Revenue at end-September 2021
At constant scope and exchange rates, the Group’s revenue at end-September 2021 was up 15% to €14,041 million.
On a reported basis, revenue was up 15%, taking into account €154 million of changes in scope (notably the consolidation of Prisma Media) and -€145 million in foreign exchange impacts (which translates into an overall appreciation of the euro against the main currencies during the first nine months of the year).
Revenue by business activity |
(in € millions) | 3rd quarter | 9-month total | |||||||
2021 | 2020 | Reported | Organic | 2021 | 2020 | Reported | Organic | ||
growth | growth | growth | growth | ||||||
Transportation and Logistics | 1,901 | 1,420 | +34% | +32% | 5,124 | 4,276 | +20% | +21% | |
Oil Logistics | 610 | 401 | +52% | +52% | 1,775 | 1,447 | +23% | +23% | |
Communications (Vivendi) (1) | 2,474 | 2,169 | +14% | +10% | 6,866 | 6,288 | +9% | +8% | |
Electricity Storage and Systems | 95 | 65 | +46% | +45% | 268 | 187 | +43% | +43% | |
Other (agricultural assets and holdings) | 3 | 8 | -62% | -62% | 8 | 21 | -63% | -64% | |
Total | 5,082 | 4,063 | +25% | +22% | 14,041 | 12,220 | +15% | +15% |
(1) As of 14 September 2021, Universal Music Group is presented as a discontinued operation in accordance with IFRS 5. The constant scope notably makes it possible to restate the impact of the acquisition of Prisma Media on 31 May 2021
At constant scope and exchange rates, the main sectors trended as follows relative to the first nine months of 2020:
Bolloré Logistics’ revenue rose sharply (+27%) thanks to continued growth in sea and air freight and the increase in freight rates.
Recent highlights and events
On September 14, 2021, as had been indicated to Vivendi shareholders when they approved the decision to pay a special dividend in kind of €5,312 million out of the retained earnings balance as of June 22, 2021, Vivendi’s Management Board decided to combine this special dividend in kind with an interim special dividend in kind of €22,098 million paid based on the earnings recorded in the interim balance sheet as of June 30, 2021. Together, these two dividends resulted in the distribution in kind of 59.87% of UMG’s share capital to Vivendi shareholders.
The Management Board's decision followed the approval by the Dutch Authority for the Financial Markets (Stichting Autoriteit Financiële Markten) of the prospectus issued by Universal Music Group N.V.U (MG N.V.) relating to the admission to trading and official listing of its ordinary shares on Euronext Amsterdam.
On September 21, 2021, the shares of UMG N.V. started trading on the regulated market of Euronext Amsterdam. Based on an opening share price of €25.25, UMG's market capitalization was €45.8 billion.
Following this transaction, Vivendi still owns 10% of UMG’s share capital and Bolloré held directly around 18% of UMG’s share capital.
Between August 2 and October 15, 2021, Vivendi repurchased 39.0 million shares, i.e., 3.52% of the share capital, for a total amount of €464 million. As of October 20, 2021, Vivendi directly held 59.7 million of its own shares, i.e., 5.38% of the share capital.
On September 14, 2021, Vivendi entered into a conditional sales agreement with Amber Capital to acquire 25,305,448 Lagardère SA shares held by Amber Capital at a price of €24.10 per share.
As announced on September 15, 2021, Vivendi completed, on September 28, 2021, the acquisition of a small minority of these shares, i.e., 620,340 Lagardère SA shares, held by Amber Capital for €15 million. As of September 30, 2021, Vivendi holds 27.64% of the share capital and 22.14% of the theoretical voting rights of Lagardère SA.
The acquisition of the remaining Lagardère shares held by Amber Capital is expected to be completed by December 15, 2022, following receipt of the approvals required by the applicable regulations in light of the take-over that may result from the mandatory public offer triggered by this acquisition. Pending such regulatory approvals, in consideration for the pledge of the Lagardère shares held by Amber Capital, Vivendi paid cash collateral in an amount corresponding to the value of these shares, based on the price of €24.10 per share, i.e., €595 million.
Should this acquisition be completed, Vivendi will hold 45.1% of the share capital and 36.2% of the voting rights of Lagardère, exceeding the 30% share capital and voting right thresholds in Lagardère. As a result, a mandatory proposal for a public offer at the same price for all Lagardère shares not yet owned by Vivendi would be filed with the French market authority (Autorité des Marchés financiers) in accordance with applicable regulation.
Change in revenue per quarter |
(in € millions) | 1st quarter | 2nd quarter | 3rd quarter | ||||||
2021 | 2020 (1) | 2020 | 2021 | 2020 (1) | 2020 | 2021 | 2020 (1) | 2020 | |
Transportation and Logistics | 1,555 | 1,358 | 1,394 | 1,668 | 1,453 | 1,462 | 1,901 | 1,437 | 1,420 |
Oil Logistics | 565 | 630 | 631 | 600 | 413 | 415 | 610 | 401 | 401 |
Communications (Vivendi) (2) | 2,094 | 2,062 | 2,102 | 2,298 | 2,024 | 2,017 | 2,474 | 2,243 | 2,169 |
Electricity Storage and Systems | 80 | 64 | 65 | 94 | 58 | 58 | 95 | 66 | 65 |
Other (agricultural assets and holdings) | 2 | 7 | 8 | 3 | 6 | 6 | 3 | 8 | 8 |
Total | 4,296 | 4,122 | 4,200 | 4,662 | 3,953 | 3,957 | 5,082 | 4,154 | 4,063 |
(1) At constant scope and exchange rates.(2) As of 14 September 2021, Universal Music Group is presented as a discontinued operation in accordance with IFRS 5. The constant scope notably makes it possible to restate the impact of the acquisition of Prisma Media on 31 May 2021
All amounts are expressed in millions of euros and rounded to the nearest decimal.As a result, the sum of the rounded amounts may differ slightly from the reported total.
APPENDIX
Reclassification related to the application of IFRS 5 for Universal Music Group(IFRS, unaudited)
2021 | Six months ended June 30, 2021 | |||||||
(in millions of euros) | Three months ended March 31, | Three months ended June 30, | ||||||
Revenues (as published) | 6,102 | 6,684 | 12,786 | |||||
Reclassification: application of IFRS 5 for UMG | (1,806) | (2,021) | (3,827) | |||||
Revenue (restated) | 4,296 | 4,662 | 8,959 | |||||
2020 | ||||||||
(in millions of euros) | Three months ended March 31, | Three months ended June 30, | Three months ended September, | Three months ended December 31, | ||||
Revenues (as published) | 5,966 | 5,646 | 5,915 | 6,581 | ||||
Reclassification: application of IFRS 5 for UMG | (1,766) | (1,689) | (1,852) | (2,115) | ||||
Revenue (restated) | 4,200 | 3,957 | 4,063 | 4,466 | ||||
2020 | ||||||||
(in millions of euros) | Six months ended June 30, | Nine months ended September 30, | Year ended December 31, | |||||
Revenues (as published) | 11,612 | 17,527 | 24,108 | |||||
Reclassification: application of IFRS 5 for UMG | (3,455) | (5,307) | (7,422) | |||||
Revenue (restated) | 8,157 | 12,220 | 16,686 |
Attachment
1 Year Financiere De L'odet Chart |
1 Month Financiere De L'odet Chart |
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