(Boursier.com) — THE TREND
And an additional record for the CAC40! The main index of the Paris stock exchange exceeded 8,250 points Thursday morning with a high hanging at 8,253.6 points to finish up 0.01% at 8,206 points in a calm market before a long Easter weekend of four days.
For the Paris stock exchange, today’s session was therefore the last of the first quarter of 2024 which shows an overall gain of 9% for the CAC40. The euro returns to 1.08/$, oil rises to $87 and bitcoin peaks at more than $70,000.
RISING VALUES
ViewGroup climbs by 11%, while the 2023 turnover reached 802 ME, and 805.6 ME in adjusted data, representing growth of +30% compared to 2022. EBITDA amounts to 102.3 ME in 2023 and 106 ME in adjusted data, up +81% vs. 58.6 ME in 2022. The adjusted EBITDA margin reaches more than 13% of turnover in 2023 compared to 9.4% of turnover in 2022, an improvement of 3.7 points, mainly driven by by improving the Margin on Variable Costs. The adjusted net profit stands at €34.6 million compared to €18.6 million in 2022, representing growth of +87% over the period. With an order book at an all-time high, VusionGroup benefits from a high level of visibility and confidence in its objective of reaching the billion-euro turnover milestone in 2024. The company also aims to continue improving its profitability with an adjusted Ebitda margin expected to increase from 50 bps to 100 bps in 2024 and cash flow to remain positive.
Quoting…
Trigano jumped 10%, operators welcoming the great publication from the leisure vehicle specialist. The group reported on Wednesday a growth of 17.2% in its turnover in the first half, at constant scope and exchange rates, driven by its motorhome activity.
Oeneo : +9% followed by Atos (+7%), Exail (+6%) and Waga
Score gained 4.8% for this last session of the quarter in Paris. The reinsurer benefits from the support of HSBC which raised its recommendation on the file to ‘purchase’, targeting 38 euros. The analyst believes that Scor is the cheapest way to benefit from the positive dynamics in reinsurance.
Worldline : +4.5% followed by Ekinops, CGG
Wavestone : +3.5% with Euroapi, BigBen, Ayvens
Carmila : +2.5% with JC Decaux, Esso, Plastic Omnium, Clariane, SG
Elis : +2% followed by Pluxee, BNP Paribas
Agricultural credit : +1.7% with, Eutelsat
Great climbs 1.7%, supported by a note from Morgan Stanley which increased its recommendation on the specialist in electrical and digital building infrastructure to ‘overweight’, targeting 110 euros. Legrand continues to be among the high-quality companies within the bank’s coverage, and now the growth drivers are “starting to come into place.”
Peugeot Invest : +1.5% with Alten, Séché, Air France KLM, Interparfums, Imerys, Assystem,
Renault gains 0.8%. Renault Group has carried out a second sale of Nissan shares, representing approximately 2.5% of Nissan’s capital. This sale results in a positive cash flow of 358 million euros and supports the Group’s objective of regaining an “Investment grade” financial rating.
FALLING VALUES
Casino fell by 63% after the effective completion of its financial restructuring. The distributor, now controlled by Czech billionaire Daniel Kretínský, is now led by Laurent Pietraszewski (chairman of the Board of Directors) and Philippe Palazzi (director and general manager). Following the operations provided for in the Casino safeguard plan approved by the Paris Commercial Court on February 26, Casino’s share capital is now made up of 37,304,080,735 shares, representing 37,351,145,246 theoretical voting rights.
Given the low share price, Casino intends to carry out a consolidation of the shares making up the share capital in April, such that 100 ordinary shares with a par value of one euro cent each will be exchanged for 1 new shares with a par value of one euro each; then at the end of the said consolidation a reduction in the share capital by reducing the par value of the shares issued by Casino from one euro to one euro cent per share.
Soitec drop of 20% to 95.90 euros, the lowest since 2020. The specialist in the production of innovative semiconductor materials is sanctioned after revealing unremarkable 2024-2025 objectives. Indeed, Soitec forecasts stable 2024-2025 revenue at constant scope and exchange rates, with potential for growth if the RF activity recovers sooner than expected and with a strong seasonality effect over the period. exercise. Activity for the 1st half is expected to decline by around -15% at constant scope and exchange rates compared to the 1st half of 2023-2024, with a low point expected in the 1st quarter. Soitec then expects a rebound in revenues in the second half, driven by the end of the correction of RF-SOI stocks in foundries as well as the structural growth in sales of SOI substrates, the continued adoption of substrates POI and the start of the ramp-up of SmartSiC sales. The Ebitda margin for the 2024-2025 financial year is expected to be around 35%.
Cegedim plunges more than 15% after posting a net loss for the 2023 financial year.
LNA : -4% followed by Ramsay, Coty (-3%) and Infotel with Voltalia
Guerbet : -2% with Gl Events
Stellantis : -1.5% with STM, Vinci
Bastide : -1% followed by Bonduelle, M6, Aubay