"},"content":{"rendered":"[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text]<\/p>\n
<\/p>\n
In 2021, the 33 CAC 40 companies that published their annual accounts had collectively generated 128 billion euros in net profit, group share.<\/p>\n
<\/p>\n
For 2022, the total revenue of these 33 companies exceeds 1,646 billion euros<\/strong>.<\/p>\n <\/p>\n But according to the estimates of analysts surveyed by the financial data management company Factset, the cumulative profit of the CAC 40 is likely to be slightly down on a year-on-year basis<\/strong>. However, this decline masks record results, starting with the energy sector with the TotalEnergies group which, with 20.5 billion dollars (19.5 billion euros), has the largest profit in the index<\/strong>, ahead of the car manufacturer Stellantis. For its part, the automotive group resulting from the merger of PSA and Fiat Chrysler has exceeded all expectations, recording a net profit of 16.8 billion euros in 2022, an increase of 26%.<\/p>\n <\/p>\n <\/p>\n 23 billion in net profit in France, despite the large charges booked by the giant Engie<\/strong>, which weighed down the cumulative result and masked a strong increase in operating profit.<\/p>\n <\/p>\n The luxury sector also saw its profits swell<\/strong>, driven in particular by the giants of the sector such as Kering, Herm\u00e8s, LVMH and l’Or\u00e9al. It jumped 23% in total, up \u20ac4.5 billion year-on-year<\/strong>, and up 80%, compared to 2019. The main reason? Increases in production costs were passed on to customers in sales prices.<\/p>\n <\/p>\n “For luxury in general and especially with us, prices always go up<\/em>” and “we are in a strategy that is to make people forget about the price and sell more expensive but more sophisticated products<\/em>,” said Jean-Jacques Guiony, CFO of the LVMH group.<\/p>\n <\/p>\n Semiconductor manufacturer STMicroelectronics, more simply known as ST, posted the second highest increase in net income. It benefited from strong global demand for electronic chips, which were previously a rare commodity.<\/p>\n <\/p>\n <\/p>\n Even though all CAC 40 companies recorded notable profits for the year 2022, the war in Ukraine nevertheless impacted results<\/strong>, as at ArcelorMittal, the world’s second largest steel producer. The company was weighed down by $1 billion in provisions to cover its Ukrainian losses.<\/p>\n <\/p>\n For its part, TotalEnergies made a record profit despite a $15 billion provision related to Russia. For the bank Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, net profit was almost divided by three, due to the sale of its Russian subsidiary Rosbank.<\/p>\n <\/p>\n For the automotive industry, there are significant differences, with a record profit for Stellantis, but a loss of 338 million euros for Renault, after a charge of 2.3 billion euros caused by the sale of the Russian manufacturer of Lada.<\/p>\n <\/p>\n <\/p>\nA rise in prices<\/h2>\n
War in Ukraine<\/h2>\n