(Boursier.com) — THE FASHION
The Paris Stock Exchange tried to resist the collapse of Wall Street last night with the CAC40 which finally fell by 0.37% to 6,222 points. Worse than expected consumer price (CPI) numbers in the United States for the month of August caused turmoil in financial markets.
The absence of any new sign of slowing inflation in the world’s largest economy casts doubt on the most flexible situations in terms of interest and growth … A week before the Federal Reserve’s FOMC decisions , the assumption of an increase in The key rates limited to 50 basis points is now gone and an increase of 100 points, which was not even mentioned on Monday, is now considered likely in … 37 % according to the FedWatch barometer! However, the 75 basis point scenario remains preferred.
The premium furniture group Roche Bobois increased by 7% after generating a very strong increase in current EBITDA in the first half of 2022 to €47.9 million (+52.8% compared to the first half of 2021), i.e. a current EBITDA margin of 23.6% ( +3.9 points compared in the 1st half of 2021). This exceptional performance is driven mainly by the historic level of the United States / Canada zone (29.1% EBITDA margin in the first half of 2022) which is enhanced by the favorable exchange rate effect. The United States/Canada zone is now the leading contributor to the Group’s sales and consolidated EBITDA margin. After accounting for depreciation and amortization and provisions (€18.4 million), operating income increased significantly to €28.1 million on June 30, 2022 (compared to €13.8 million on June 30, 2021). The net profit amounted to 20.1 ME against 9 ME on June 30, 2021. Due to the excellent results of the first half of 2022 combined with the level of business volume as well as the total portfolio of orders (178 ME on 30 June 2022) , Roche Bobois aims for a turnover of more than €385 million for the 2022 financial year and a sharp increase in EBITDA…
TechnipEnergies : +6%. Broker Citi revalued the title of the Engineering and Technologies group from 15.5 to 17 euros. The bank believes the company has “abundant opportunities” to fill its backlog after removing the Russian Arctic LNG-2 project from its portfolio. In particular, it sees many LNG opportunities in the United States and the Middle East. As for the stock, it’s about 20% below its all-time high, and the company remains discounted compared to European peers.
SFPI : + 4% on Exclusive Networks after its accounts
Adocia : + 3% followed by Renault, Tarkett
Genfit gained 2.5% after announcing that the US Food and Drug Administration (FDA) granted Orphan Drug designation to GNS5611 (ezurpimtrostat), a novel clinical-stage autophagy-blocking PPT1 inhibitor. Cholangiocarcinoma is a rare liver cancer with high mortality and limited treatment options. It is seen more often in people over the age of 50…
Total Energy : + 2.5% with Lysogen, BigBen, Navya
Bassac : + 1.5% with Edenred, Guillemot, Valeo
rookie : + 1% with Faurecia, Accor, Stellantis, Interparfums and GTT
Stelantis (+ 0.8%) and General Motors Holding LLC, a subsidiary of General Motors Company, signed a share buyback agreement related to 69.1 million ordinary shares of Stellantis, representing approximately 2.2% of the share capital of Stellantis on a diluted basis, which GM has the right to subscribe to using the stock warrants originally issued by Peugeot to GM in 2017.
FALLING IN PRICES
Orpea continues to correct this 6% in Lisi, McPhy (-5%)
Chargers : -5% with Guerbet, Fermentalg
Beneteau : -4.5% followed by Casino, Antin after his accounts, Vallourec and Bonduelle
country house : -3.5% with Trigano, Vivendi, Lagardere, Air France KLM cutting its flights in half on Friday due to the strike of air traffic controllers.
CGG : -2.5% with Veolia, Arkema, Amundi, Somfy, Seb, Alstom, JC Decaux
L’Oreal less than 1%. The news surrounding the world’s number one in cosmetics was marked by a note from Exane BNP Paribas that lowered the value to ‘neutral’ while cutting the target price from 440 to 380 euros. The title has not performed well in the CAC40 since the beginning of the year with a drop of almost 17% against a drop of 13% for the main index in Paris.