100% French Stocks – August 1, 2025

PREOPEN CAC 40: 7,728 points (-0.71%)

Key actions of the day

AXA (CS): Strong half-year results with a 6% rise in operating income, but net profit down by 2%. Acquisition of Prima in Italy.

ENGIE (ENGI): Profit down by 9.4% in H1, but forecasts are maintained.

VIVENDI (VIV): Revenue on the rise, but net profit plummets. Restructuring ongoing.

EURONEXT (ENX): Q2 above expectations with record revenue at €465.8M.

TELEPERFORMANCE (TEP): Growth forecast trimmed, despite 1.5% growth in H1.

ATOS (ATO): Losses halved in H1. 2025 targets confirmed.

PARROT (PARRO): 10% revenue growth in H1 driven by microdrones, but significant losses remain.

SHOWROOMPRIVÉ (SRP): Revenue down and financial uncertainty around asset valuation.

LEGRAND (LR): Acquisition of Cogelec confirmed.

GTT (GTT): Completion of Danelec acquisition.

RENAULT (RNO): Buyback of Nissan’s stake in the Chennai plant, India.

MEDIAN TECHNOLOGIES (ALMDT): Successful capital increase for €23.9M.

Company results expected today

AXA (CS) – 7:00am
ENGIE (ENGI) – Time not specified
BELIEVE (BLV) – 5:45pm
ATOS SE (ATO) – Time not specified
PARROT (PARRO) – 8:00am
BONDUELLE (BON) – Q4 2025 – Activity update

Analyst recommendations (French companies only)

Recommendation changes

Upgrades

SOCIÉTÉ GÉNÉRALE (GLE) → Targets raised: up to €69.40, according to AlphaValue.

CAPGEMINI (CAP) → Goldman Sachs raises target from €180 to €187.

SAFRAN (SAF) → Targets raised to €312 (Deutsche Bank) and €325 (Redburn).

SCHNEIDER ELECTRIC (SU) → Target raised to €231 (Barclays).

Neutral

LEGRAND (LR) → BNP Paribas Exane remains neutral, target adjusted to €140.

ARKEMA (AKE) → Citigroup still buys but lowers target to €83.

Downgrades

TELEPERFORMANCE (TEP) → Target lowered to €120 (BNP Exane), negative impact expected at opening.

SANOFI (SAN) → Target reduced to €92 (Leerink Partners).

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Have a great session, everyone!
Sylvain Mouilhaud: Stock coach.