Bolloré Shares Slide Amid Profit Decline in Fiscal 2024
Investing.com -- Shares of French conglomerate Bolloré experienced a dip following a reported decrease in profitability for fiscal year 2024. Here's a breakdown of the key details:
Key Highlights:
- Stock Drop: Bolloré shares fell by 7.5%, trading at 5.38 euros on Tuesday.
- Adjusted EBITA Decline: The company's adjusted earnings before interest, taxes, and amortization (EBITA) plummeted by 98% year-on-year, settling at 1 million euros ($1.1 million).
- Revenue Decrease: Group revenue saw a slight decrease of 1%, totaling 3.13 billion euros.
- Net Income Increase: Bolloré reported an increase in net income, rising to 1.82 billion euros from 268 million euros.
Financial Performance Details
The following table summarizes Bolloré's financial performance:
| Metric | Fiscal 2024 |
|---|---|
| Stock Value | 5.38 euros (down 7.5%) |
| Adjusted EBITA | 1 million euros (down 98%) |
| Revenue | 3.13 billion euros (down 1%) |
| Net Income | 1.82 billion euros (increase) |
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