Compagnie de l'Odet (ODET) Q4 2024 earnings summary

Executive summary

• Net income surged to €1,750 million from €520 million in 2023, driven by a €3.6 billion capital gain from the sale of Bolloré Logistics and a €1.9 billion capital loss from the Vivendi spin-off.

• Net profit, Group share, reached €982 million, up from €122 million in 2023.

• Revenue was €3,129 million, down 4% at constant scope and exchange rates.

• Proposed dividend increased by 10% to €4.40 per share.

Financial highlights

• Adjusted operating income (EBITA) was -€16 million, compared to +€47 million in 2023.

• Net cash position at year-end was €4,806 million, a €6,713 million improvement from net debt in 2023.

• Shareholders' equity totaled €21,754 million, down mainly due to Vivendi's deconsolidation.

• Net financial income was €110 million, up from -€50 million in 2023.

Outlook and guidance

• Dividend proposal of €4.40 per share, up 10%, with payment scheduled for June 26, 2025.