The Limited Times

Now you can see non-English news...

Covid-19: the giants of the CAC 40 have already moved forward, despite profits halved in 2020


DECRYPTION - The French flagships of industry and services have withstood the worst crisis in their history very well. Most are in battle order to bounce back.

Annus horribilis

, has 2020 already been forgotten by the French flagships of industry and services?

If many of the giants of the CAC 40 have experienced the worst financial year in their history, most seem to be on the move already.

The 37 groups of the index that published their 2020 accounts show a cumulative net profit in dizzying fall.

The decline is even stronger than during the 2008 financial crisis: -35% that year, and -20% the following year.

Last year, the kings of the CAC 40 achieved 39 billion euros in cumulative profit, down 51.4% over one year, and 60% compared to 2017, a record year when this figure peaked at 96 , 6 billion.

However, this is the sign of a rebound: in the first half of the year, they recorded, for the first time in the history of the CAC 40, a cumulative net loss of 1.7 billion.

Read also:

The crazy stock market year of the CAC 40

The putting under cover of part of the globe for long months created last year the worst recession since the 1930s. The results of the French giants bear it, of course,

This article is for subscribers only.

You have 87% left to discover.

Subscribe: 1 € the first month

Can be canceled at any time


Already subscribed?

Log in

Source: lefigaro

All business articles on 2021-03-04

You may like

Business 2020-12-31T09:52:34.054Z
Business 2020-12-30T20:16:51.013Z
News/Politics 2021-02-17T18:38:28.638Z
News/Politics 2021-02-01T17:50:04.327Z

Trends 24h

Business 2021-04-12T05:16:58.080Z


© Communities 2019 - Privacy