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Investing.com -- Bollore shares fell 2% following disappointing third-quarter 2025 revenue results, which showed a 24% like-for-like decline overall.
The French conglomerate reported particularly weak performance in its Bollore Energy division, which saw a 25% drop, while the Industry segment declined by 21% during the quarter.
Analysts have lowered estimates for both divisions in response to these results and the continued decline in EUR-denominated oil prices.
Despite the revenue setback, these divisions represent only about 3% of Bollore’s net asset value (NAV), according to market analysts.
The current spot NAV, based on the market value of listed stakes, is estimated at €8.6 per share, reflecting a 43% discount. This discount aligns with historical levels and is comparable to other listed French investment companies.
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