100% French Stocks – Thursday, July 24, 2025
CAC 40 PREOPEN: 7,975 points (+1.51%)
The Paris index is expected to open higher, supported by a wave of mid-year earnings reports and expectations that the ECB will maintain the status quo this afternoon. Investors will also keep a close eye on the advanced PMI indicators published throughout the day.
Key stocks of the day
BNP Paribas (BNP): Beats Q2 expectations thanks to strong trading activity.
Dassault Systèmes (DSY): Net profit down in H1, negatively impacted by exchange rates.
STMicroelectronics (STM): Q2 results in the red, cautious outlook for Q3.
Pernod Ricard (RI): Sells its Indian whisky brand Imperial Blue.
Air Liquide (AI): Over €500 million investment in an electrolyzer in Rotterdam.
Stellantis (STLA): Recalls 120,000 vehicles in the US for a technical issue.
Eurazeo (RF): Assets under management reach €36.8bn, deal with OMMAX finalized.
SEB (SK): Lowers 2025 growth forecasts.
Fnac Darty (FNAC): H1 revenue slightly up, reduced losses, strong online momentum.
Interparfums (ITP): Cautious for 2025, targets the lower end of forecasts.
Ipsos (IPS): Returns to organic growth, annual targets confirmed.
Exail Technologies (EXA): Sales up sharply by 50% in Q2.
Icade (ICAD): 2025 targets confirmed, reduced net losses.
Getlink (GET): Results hampered by Eleclink challenges.
Voltalia (VLTSA): Revenue up 11% in Q2.
Groupe Crit (CEN): Q2 sales at €870.3m.
Abivax (ABVX): Launches a $400m ADS public offering, trading suspended.
AB Science (AB): Approval for a phase 3 study in ALS.
Carmila (CARM): Upgrades outlook, announces a share buyback mandate.
Adocia (ADOC): Cash position at €7.1m as of June 30, down.
Gecina (GFC): Strategic shift to prime real estate, €1.3bn investments.
Corporate results expected today
Before Market:
BNP Paribas, Dassault Systèmes, TotalEnergies
After close (estimated or confirmed):
LVMH, STMicroelectronics, E.D.F., Getlink, Neoen, Eurazeo, Interparfums, Alten, Lagardère, Valeo, Alstom, Michelin, Altarea, OPMobility, Lisi, Mercialys, Frey, Cnova, Lectra, 74Software, Pierre & Vacances, Nexity, Aramis Group, Linedata, Selectirente, Guerbet, Sword, LNA Santé, Akwel, Cegedim, 2CRSi, Amplitude Surgical, Prodware, Jacques Bogart, Mr Bricolage, McPhy Energy, Baikowski...
More than fifty earnings releases are expected today for French stocks. A very busy day for results!
Analyst recommendations (French stocks)
**Recommendation changes**
Upwards
Thales (HO) → Target raised by JP Morgan: 220 → €275
Eurofins Scientific (ERF) → Morgan Stanley raises its target: 54.50 → €59
Neutral
Alstom (ALO) → BNP Paribas Exane maintains neutral, target raised: 21 → €22.50
Edenred (EDEN) → Jefferies maintains hold, target: 29 → €29.30
Downwards
No downgrades recorded for French stocks this morning
Have a good session everyone!
Sylvain Mouilhaud: Equity coach.