100% French Stocks – August 28, 2025
PREOPEN CAC 40: 7,766 pts (+0.3%)
The CAC 40 is attempting a technical rebound (+0.3%) after two pressured sessions, against a backdrop of political uncertainty. The Bayrou government's attempt at a budget compromise hasn't fully reassured investors. The luxury sector is supporting the index, following positive comments from Swatch regarding US demand. Elsewhere in Europe, the trend remains broadly downward, with significant declines in Frankfurt and London.
Key stocks of the day
Pernod Ricard (RI): Annual results down (-3% organic), affected by China, the USA, and Southeast Asia. Cautious outlook for Q1.
Iliad (ILD): Half-year revenue up 3.8%, EBITDAaL +10.1%, margin at 40.2%, FCF up 20%. Very strong results.
Accor (AC): €500M, 7-year bond issue (3.625%).
Eiffage (FGR): Confirms its annual outlook after a solid first half.
Technip Energies (TE): Two new contracts signed in Indonesia.
GTT (GTT): Contract to equip 24 LNG carriers with its Sloshield system via its subsidiary Ascenz Marorka.
Exail Technologies (EXA): First sale of its new long-range surface drone DriX H-9 to a naval defense company.
Exosens (EXO): Acquires Phasics, a precision optics specialist.
ID Logistics (IDL): 16% growth in H1 despite a slight margin erosion.
Ramsay Santé (GDS): Remains loss-making in H1, impacted by reduced public funding.
Abionyx (ABNX): Advanced discussions for a collaboration on sepsis treatment with CER-001.
Analyst Recommendations (France only)
Upgrades
No upgrades reported this morning.
Neutral
No neutral changes for French companies.
Downgrades
Pernod Ricard (RI) → Analysts have adopted a more cautious tone after the results: outlook for Q1 under close watch.
Have a great session, everyone!
Sylvain Mouilhaud: Stock coach.