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CAC 40: the Paris Stock Exchange jumps, new burst of corporate results

The Paris Stock Exchange is expected to rise slightly on Friday July 29 at the opening of a new dense session in results and in the wake of a rebound in growth in France in the second quarter. After two successive closings of the CAC 40 in the green, the futures contract of the star index of the Parisian place progressed by 0.73% about forty minutes before the opening of the session, which must conclude a week marathon of results of companies.

After a decline of 0.2% in the first quarter, France returned to growth from April to June, recording a more dynamic rebound than expected in its GDP which rose by 0.5% in the second quarter, according to data published Friday by INSEE. Household consumption was up slightly in June, rising by 0.2%, after a first month of rebound in May (+0.4% in data revised downwards) following two months of decline . These reassuring indices on the state of the French economy are published the day after the announcement of the contraction of the American GDP which had not prevented the markets from ending the session optimistic.

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Stephen Innes, analyst at SPI, underlines this paradox: “Bad news is sometimes a good thing in the markets! “, the markets have the idea that the slowing of the American economy could moderate the policy of the institution in the fight against inflation. German, Spanish, Italian and European growth figures are also due on Friday.

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The results to follow this Friday:

Engie: France’s main gas supplier announced on Friday a net profit more than doubled in the first half to 5 billion euros, thanks to high energy prices.

Hermès: the luxury group saw its net profit reach 1.64 billion euros in the first half, up 39.7% year on year thanks to an increase in sales in all regions.

EssilorLuxottica: boosted in particular by its flagship brands, the global optical giant published results on Friday that were still strong in the first half.

Air France-KLM: the airline group returned to profit in the second quarter, for the first time since the Covid-19 pandemic, but saw the progress of its activity slowed down by staff shortages at airports.

Renault: the automotive group published on Friday a net loss of 1.6 billion euros in the first half caused by the sale of its activities in Russia.

BNP Paribas: after a record year 2021, the banking giant continues its momentum with already 5.29 billion euros in net profit earned in the first half. A performance that he attributes to dynamism in all his businesses.

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Wendel: The investment company announced a net profit of 480 million euros in the first half, driven by the capital gain on the disposal of the industrial paint company Cromology.

Amundi: the asset manager, leader in the sector in Europe, saw its net profit fall by nearly 30% in the first half and its amount of assets under management melt by 139 billion euros due to the fall in the markets financial.

Legrand: the net profit of the manufacturer of electrical equipment increased by 13.9% in the first half in an inflationary environment. The group has raised its annual targets.

L’Oréal: the global cosmetics giant achieved a net profit of 3.2 billion euros in the first half, up 36.4% year on year thanks to an increase in sales in all regions and in all product categories.

ADP: the group that manages the Paris airports of Roissy and Orly in particular returned to the green in the first half of 2022, with a net profit of 160 million euros, against a net loss of 172 million over the same period of 2021.

Imerys: the minerals and materials group for industry recorded record sales of 2.56 billion euros in the first half, thanks in particular to the rise in the price of raw materials and despite a slight drop in volume of sales.

Neoen: the French producer of renewable energies announced Thursday to raise its forecasts for 2022 after the strong increase in its turnover in the first half, and despite a net loss of 21 million euros.

Groupe Flo: the owner of the Hippopotamus restaurants and several brasseries recorded a “strong recovery” of its activity in the first half thanks to the “lifting of restrictions linked to the health crisis and the return of tourists”, while remaining in the red .

Korian: the European number one retirement home announced a 5.5% growth in its turnover in the first half, to 2.22 billion euros, but a net profit halved to 21.7 million euros.

Showroomprivé: sales of the online destocking site fell by more than 21% in the first half, to 305.4 million euros, but the SRP group, its owner, announced that it remained in positive territory with a slight profit of 1 .6 million euros.

CGG: the French oil services group returned to the green in the second quarter, in a context deemed to be buoyant with oil and gas companies more ready to spend thanks to high prices.

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Capgemini: the IT giant has “significantly” raised its growth target in 2022, after recording a profit up 50% year on year and exceeding the 10 billion mark for “the first time” euros in the first half.

Française des Jeux: the FDJ recorded increases of nearly 10% in the first half of 2022, when all its points of sale were open while one in ten had closed a year earlier, in the midst of health crisis.

Euronext: the pan-European stock exchange operator reported a 37.2% increase in its second quarter net profit on Thursday, on the back of revenue growth in all business sectors and the acquisition of the Milan Stock Exchange .

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