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CAC 40 : French companies to record 142 billion euros in profits in 2022

CAC 40 : French companies to record 142 billion euros in profits in 2022

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The net profit of the French CAC 40 companies fell in 2022. However, thanks to the luxury and energy sectors, they are breaking some records and accumulating 142 billion euros in earnings. The year 2023 promises to be prolific for shareholders.


France’s CAC 40 companies made 142 billion euros in cumulative profits in 2022, thanks to records in luxury and energy. According to AFP, their revenues are up 19% to 1,729 billion euros, thanks to inflation-inflated sales for many groups.


Still, net profit is down 9% from 2021, when it was nearly 156 billion euros. At that time, Vivendi had made an exceptional profit of nearly 25 billion euros thanks to a disposal. However, in 2022, the media giant suffered a historic loss of 1 billion euros, the worst performance of the CAC 40. The calculation does not take into account two groups, Pernod Ricard and Alstom, which have different accounting periods.


TotalEnergies and CMA-CGM in great shape


Despite this drop in total profit, some companies have performed remarkably well. Starting with the energy sector and its flagship company TotalEnergies, which posted a record gain of 19.5 billion euros. It is ahead of carmaker Stellantis, the merger of Groupe PSA and Fiat Chrysler Automobiles, which posted a profit of 16.8 billion euros. Overall, despite significant charges related to the war in Ukraine and the increase in its prices, the energy sector makes a gain of 23.2 billion euros in 2022, an increase of 14%.


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Note that the largest profit of a French company in 2022, $24.9 billion, was made by CMA-CGM, the world’s third largest unlisted shipping company.


Luxury performs well



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Featured photo : © Luckydoor

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