Record profits at France’s corporations

Although France’s listed companies are not immune to crises, the most recent reporting season went much better than analysts had expected. The companies listed in the CAC 40 generated more than 70 billion euros in the first half of the year. That is around a quarter more than a year ago and a good half more than in the pre-pandemic years 2018 and 2019. Many companies came up with record profits. The cheap euro also helped the exporters, who are strongly represented in the CAC 40, while domestically the robust economy supported it. France’s economic output increased by 0.5 percent in the second quarter compared to the previous quarter, while German GDP did not move from the spot. So it’s quite possible that the CAC 40 will outperform the DAX in the further course of the year.

Alexandra Taylor

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