The half-year business results season continues on Wednesday. Many companies from the CAC 40 and the broader SBF 120 index, some of which operate internationally, including LVMH, Danone, Michelin, Eurofins, and even Wordline moderated the stock market session this morning.
Mixed reception for LVMH
LVMH was hovering around equilibrium (+0.16% to 626.20 euros), after an opening down following its results published on Tuesday, which again exceeded those of last year and analysts’ expectations. The number one luxury has accumulated a net profit of 6.5 billion euros in the first six months of the yeara jump of 23% over one year, conceding to have raised some of its prices in a context of high inflation. In the sector, Kering lost 0.70% to 521.20 euros, and Hermès took 0.34% to 1,196 euros.
Danone, caution remains in order
After the publication of Danone’s first half results, investors remained unmoved on the Paris Stock Exchange, the price climbing +0.02% to 54.98 euros in a market up slightly by 0.39% at 10:50 a.m. The flagship of the French agri-food industry, Danone, has raised its turnover growth objectives, driven by rising prices, for the year 2022. But caution remains in order in a volatile economic context, insists its director general, Antoine de Saint-Affrique.
The French automotive supplier Valéo gained 3.7% on the Paris Stock Exchange after publishing a half-year profit slightly above forecasts. Valéo saw its turnover increase by 5% in the first half to 9.41 billion euros but fell into the red with a net loss of 48 million euros. Tuesday, the company reiterated its expectations for the full year, citing an expected increase in global car production, despite a “difficult” environment, chief executive Christophe Périllat told reporters, referring to the shortages of electronic chips that have hit the automotive sector.
The automotive supplier Michelin plunged nearly 6% in early trading on the Paris Stock Exchange on Wednesday, after half-year results fell short of analysts’ expectations. The latter retained financial results a little weaker than the consensus, despite a net increase in turnover, as well as the rather negative tone of CEO Florent Menegaux, who mentioned Tuesday evening ” a very hectic context “.
Eurofins Scientific dives
The French giant of analysis laboratories, Eurofins Scientific, fell by more than 10% on the Paris Stock Exchange on Wednesday in the first exchanges, after the publication of its results. Despite a turnover up 4.3% over the half-year and financial objectives for the year raised, the group reported a drop in its half-year net profit, to 310 million euros, against 416 million last year at the same time.
Worldline is on fire
The loss of 42 million euros published by the payment specialist, Worldline, in the first half did not move investors who expected worse. The title even soared from 14.09% to 41.76 euros. The “strong” organic growth in turnover as well as “ the stake of the activist fund Elliott in Paypal launched this dynamic, according to Laurent Legrin, head of convertible bonds at Degroof Petercam AM. However, the price is still less than half of its highest observed in July 2021. Thehe payment specialist saw its turnover fall by 12% in the first half compared to 2021 and, weighed down by its payment terminal activity in the process of being sold, could not avoid a deadweight loss of 42 million euros. euros.
Elior flies away
The collective catering group Elior took off on the Paris Stock Exchange on Wednesday morning thanks to the rebound in its activity in the third quarter, while the strong impact of the health crisis had unscrewed its course in recent months. At 10:54 a.m., the stock rose 18.70% to 2.48 euros in a market up 0.44%. Its value, however, has fallen nearly 62% since January 1. The market welcomed Elior’s publication of a strong rebound in activity over the first nine months of its 2021/2022 financial year. However, he warned that inflation “ very high and persistent ”, which is cutting into its margins by driving up its purchase prices, remains a handicap.
The French IT giant Atos, weakened last year by a decline in its turnover, confirmed on Wednesday its forecast for a stabilization of its sales over the whole of 2022 and reassured investors about financing. of its split plan. Wednesday in the middle of the morning, the title Atos rose more than 6%, outperforming a Parisian market up 0.4% at the same time. The group’s turnover fell in the first half by 0.6% at constant exchange rates, standing at 5.56 billion euros. Despite this negative evolution of sales over the period, with a net loss of 503 million euros, almost quadrupling in one year, Atos experienced ” a sharp rebound in the second quarter, with the signing of several major contracts, said the group’s new general management during a conference call.
(With AFP and Reuters)