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BOLLORÉ First - half 2021 results 30 July 2021 Good results continued across all of the Bolloré Group's business activities After a very resilient first half 2020 , the Group's revenues increased by 13 % and its adjusted operating income ( EBITA ( ¹ ) ) grew by 43 % , at constant scope and exchange rates in the first half of 2021 . ■ " ■ ◉ Revenue : € 12,786 million , + 13 % at constant scope and exchange rates . Adjusted operating income ( EBITA ( ¹ ) ) : € 1,324 million , + 43 % at constant scope and exchange rates : • Bolloré Transport & Logistics : • Communications : • Electricity Storage and Systems : € 335m + 15 % € 1,066m + 49 % - € 50m vs. - € 67m on a reported basis ( + 25 % ) Net income , Group share : € 219 million ( + 26 % ) , which does not include the capital gain on the sale on 29 January 2021 of 10 % of the capital of Universal Music Group ( UMG ) on the basis of an enterprise value of € 30 billion for 100 % . The sale is recognised in equity for € 2.8 billion . Total net income stands at € 651 million ( -14 % ) , given the drop in the share prices of Spotify and Tencent Music Entertainment securities after a sharp increase in first half of 2020 . Net debt : € 6,851 million , down - € 2,284 million compared to December 31 , 2020 , of which € 3,973 million for Bolloré , down - € 210 million . Gearing : 22 % vs. 35 % at the end of 2020 . Maintaining a high level of liquidity at € 3.2 billion as of June 30 , 2021 , excluding Vivendi's undrawn confirmed credit lines and liquid investments . Interim dividend : € 0.02 per share payable in cash on September 3 , 2021 . 1 See glossary Page 1