Compagnie de l'Odet (ODET) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached €782 million, up 0.2% at constant scope and exchange rates and 4.2% on a reported basis compared to Q1 2024.

• Growth was driven by stable performance in Bolloré Energy and modest gains in Industry, with scope changes contributing €29 million mainly from an acquisition.

Financial highlights

• Bolloré Energy revenue was €675 million, down 0.2% at constant scope but up 3.1% reported, due to lower petroleum prices offset by higher volumes.

• Industry revenue rose 1.5% organically to €78 million, with growth in bus sales and films, partially offset by declines in specialized terminals.

• Other activities (Agricultural Assets, Holdings) saw revenue of €28 million, up 8.1% organically and 42.3% reported.

Segment performance

• Bolloré Energy: Stable revenue, with higher sales volumes offsetting lower petroleum prices.

• Industry: Growth in 6-meter bus sales and packaging/film revenue, offset by declines in specialized terminals.