The profits of the CAC40 groups declined in 2018

The companies of CAC 40 They achieved a cumulative net profit of at least € 87 billion last year, a figure below the 2017 level, according to AFP's preliminary statement on Saturday. With the release of EssilorLuxottica's results on Friday, the cumulative earnings of 39 of the 40 companies in the CAC 40 amounted to € 86.97 billion. Hermès, which will publish its results for 2018 on March 20, had achieved a profit of 1.22 billion euros in the 2017 financial year.

The total profit of the 39 companies corresponds to a decrease of 8.76% compared to the previous year of 95.32 billion euros. By contrast, cumulative sales increased by 4.13% to € 1.399 billion (€ 1.286 billion in 2017). The Total group tops the list of the biggest wins ahead of BNP Paribas (7.5 billion), LVMH (6.4 billion), Crédit Agricole and ArcelorMittal (4.4 billion) at 9.7 billion euros.

Banks and insurance companies always at the top

Despite the decline of more than 65% of the share price, the banking and insurance market continued to be one of the largest contributors to the leading index of the Paris stock insurer Axa (2.1 billion euros) and the slight decline of BNP Paribas (-3%). Together with Crédit Agricole and Société Générale, financial sector profits will drop to € 17.9 billion from € 20.4 billion in 2018.

The year 2018 has benefited the luxury sector, whose groups are showing a unanimous uptrend, notably thanks to the development of LVMH (6.4bn) and Kering, whose net profit rose 108.01% (to 3.7bn). Overall, the gain in luxury increased from 10.5 billion to 14 billion euros. In the construction sector, too, profits were up on the previous year (from 3.8 to 4.3 billion).

Conversely, the car did not perform better than the previous year, the sector was slowed by the decline in profits of Renault (-35.4%) and Valeo (-38.4%). ). With PSA and Michelin, the sector achieved a profit of 8.3 billion euros after 9.6 billion euros in 2017. The same development in aviation, where profits were shared by almost two (4.4 billion against 7.7 billion) , Carrefour and TechnipFMC are the only two groups to have suffered losses in 2018, while gains in several heavyweights on the Paris market declined, such as Vivendi (-89.7%), Saffron (-73, 2%) or Sanofi (-48.9%).

(With AFP)