(Boursier.com) — THE TREND
The CAC 40 hesitates this Friday, but does not really give in to profit taking, up slightly by 0.3% this midday to 8,188 points. Calm returns to the Parisian market after a new double record yesterday at the close and during the session.
The producer price figures in the United States calmed things down a little, reflecting stronger inflationary pressures than expected and casting doubt on the timing of the Fed’s interest rate reductions. The report follows a rise in consumer prices noted at the start of the week which had already raised concerns.
In terms of macroeconomic indicators, attention remains focused on the United States on Friday, with the publication of February industrial production figures and the first estimate of the University of Michigan’s household morale index expected more late in the day.
The euro/dollar parity reached $1.09 this midday. A barrel of Brent is trading at $85.
RISING VALUES
Ramsay rises by 10% with Atos (+9%) and Casino (+7%)
Quoting…
Showroomprivé (+7%): In 2023, the turnover of is increasing by +3% reaching 677 ME in a market declining by 1.8%. The EBITDA margin increases from 3% in 2022 to 3.5% due to the good performance of the gross margin, structural costs and the first effects of the rationalization of the logistics network. EBITDA increased 21% to 23.6 ME with a near doubling of current operating profit to 8.1 ME. The Group’s net profit is up 54% to €0.5 million in 2023.
Inventive : +5% followed by Exclusive Networks on takeover rumors
Waga : +3% followed by Verallia, Forvia, Scor
Memscap : +2.5% with Stellantis, Sopra Steria, Ayvens
Plastic Omnium : +1.8% with Technip Energies, Bonduelle, M6, Antin
Arkema : +1.5% with Valeo
STEF : +1% followed by Nexans, Claranova
Chargers (+0.4%): the group’s management announces the success of the public purchase offer initiated by Colombus Holding and Colombus Holding 2, which now hold 65.56% of the capital. The 8,885,597 shares contributed represent as many voting rights. The shares tendered are in addition to the 6,590,305 shares which were held by the Initiators before the opening of the Offer. On the settlement-delivery date, the Initiators will hold 16,300,362 shares, representing 65.56% of the capital and 66.55% of the voting rights of the company Chargeurs, including the 824,460 treasury shares held.
FALLING VALUES
Euroapi (-25%) indicates that its Italian subsidiary Euroapi Italy SRL is suspending the production of all APIs at its Brindisi site. Following an internal audit, quality control failures attributable to potential shortcomings at the local level were identified and are being investigated in depth. Production will remain suspended until further notice. The relevant health authorities have been informed. The company has initiated a forensic audit and will inform its customers. The Brindisi site produces 11 APIs and intermediates, mainly anti-infectives, including spiramycin, rifaximin, rifampin, and teicoplanin. In 2023, sales from the Brindisi site amounted to 63 million euros, of which 43% were made with Sanofi. The value of Brindisi’s non-current assets has been fully depreciated in the 2023 consolidated accounts. This situation is expected to impact the Group’s operational and financial performance. Consequently, the 2024 outlook is suspended. A revision of the 2024 outlook will be made public during the 2nd quarter of 2024, during the planned communication on the implementation and financing of the FOCUS-27 project, announced on February 28.
McPhy : -5% followed by SMCP
Bollore (-4%) published a turnover of 13,679 million euros, down 5% at constant scope and exchange rates. Adjusted operating profit (EBITA) was 994 million euros, down 6%, impacted by the slowdown in oil logistics after an exceptional year 2022 and the drop in contribution from UMG. Net profit stood at 566 million euros, compared to 2,724 million euros in 2022 which included the capital gain from the sale of Bolloré Africa Logistics (3,150 million euros) and, at Vivendi, the result from the deconsolidation of Telecom Italia (-1,494 million euros) and the capital gain on the contribution of the stake in Banijay Holdings Group to FL Entertainment (515 million euros). Net profit, group share, came to 268 million euros. Net debt was 1,465 million euros as of December 31, 2023, compared to net cash of 1,207 million euros as of December 31, 2022, attributable to the increase in Vivendi’s debt and the takeover bid of Bolloré on his own actions.
Dried : -4% with Bastide
Adocia : -3% followed by Nexity, Gl Events, P&V
LFE : -2% with BioMerieux, Lhyfe, Stedim, ID Logistics
Pluxee : -1.8% followed by STM and Oeneo
Voltalia : -1.5% with VusionGroup, SES, Vivendi, Clariane and Esso