The values ​​to follow in Paris and in Europe: Danone, Engie, LVMH …


PARIS (Reuters) – Stocks to watch Friday on the Paris Stock Exchange and in Europe, where index futures foreshadow an opening down around 1.5%:

* DANONE – The investment fund Artisan Partners claims, in a letter to the directors of the group, the appointment “as soon as possible” of a new CEO after having called again to separate the functions of CEO currently occupied by Emmanuel Faber.

* ENGIE reported on Friday a net loss of 1.5 billion euros in 2020, a consequence of asset write-downs of 2.9 billion euros linked to its nuclear assets in Belgium, but the group said it was aiming a “significant improvement” in its results this year.

* SAINT-GOBAIN on Thursday published an annual net current profit up 23.4% and announced an upcoming change in its governance with the separation of the functions of Chairman and Chief Executive Officer.

* TELEPERFORMANCE said Thursday it is aiming for organic growth of at least 9% and a current EBITDA margin above 14% this year and confirmed its objectives for 2022.

* LAFARGEHOLCIM reported on Friday a growth of 1.5% of its turnover on a like-for-like basis in the fourth quarter and said it expects a favorable dynamic this year.

* SUEZ announced Friday that its board of directors of the group considered that the takeover offer of its competitor VEOLIA was not acceptable, pointing among other things to the risk of dismantling and a price deemed insufficient.

* LVMH – Séphora, the luxury group’s perfume brand, plans to open more than 260 new outlets in the United States this year, including 200 in Kohl’s stores, she announced in a press release.

* LAGARDÈRE on Thursday published an annual operating loss of 155 million euros and a net loss of 660 million, specifying that no decision had been taken to date on possible asset disposals or a change in the status of the limited partnership.

* CARMAT announced on Friday the launch of a capital increase of at least 50 million euros, supposed to allow it to finance its activities until mid-2022. (The press release 🙂

* INTERNATIONAL CONSOLIDATED AIRLINES GROUP – The parent company of British Airways and Iberia among others posted an annual net loss of 4.37 billion euros on Friday and said it was unable to give forecasts for 2021.

* NORWEGIAN AIR – The Norwegian airline company reported on Friday a depreciation charge of 12.8 billion crowns (1.23 billion euros) in the fourth quarter, specifying that its safeguard proceedings and restructuring were taking place according to plan.

* BASF – The German chemicals giant said on Friday it expected an improvement in its results this year with an operating profit (EBIT) excluding exceptional expected between 4.1 and 5.0 billion euros, against 3.6 billion in 2020.

* DEUTSCHE TELEKOM posted better-than-expected earnings for the fourth quarter of 2020 and said it expects both earnings and free cash flow to grow this year.

(Marc Angrand, edited by Blandine Hénault)


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