100% French Stocks – Wednesday, December 3, 2025
CAC 40 PREOPEN: 8,084 points (+0.12%)
Key Actions of the Day
Europlasma (ALEUP): Draws the 20th tranche of 200 convertible bonds (OCA), totaling €1 M, as part of a €30 M program over 36 months with EPF (Alpha Blue Ocean). The stock drops another 99.45% in 2025.
Semco Technologies: Launches a new automated clean room production line in Montpellier. Capacity doubled to 4,000 eChucks/year, with ISO 5 automation and real-time control via MES101.
Guerbet (GBT): New warning on 2025 results: expected revenue drop between -4% and -5%, EBITDA between 10.5% and 12%, negative FCF of -€5 to -€15 M. Production delays and exceptional costs due to a compliance plan in the US (Raleigh site, FDA).
Airbus (AIR): 628 aircraft affected by a quality issue on structural panels. Markets are closely monitoring the case.
Kering (KER): The Board of Directors approves an interim dividend of €1.25 per share.
JCDecaux (DEC): Wins renewal of the metro station advertising contract in Finland. Strengthens its Scandinavian presence.
Nexity (NXI): Signs a €1.6 M revitalization agreement with the State following business reorganizations.
Wavestone (WAVE): Confirms targeting slight organic growth and an operating margin of 13% for the current fiscal year. Q3 results expected today.
Quadient (QDT): Q3 revenue at €248 M, no further detail at this stage. Monitoring the commercial pace.
SRP Groupe (SRP): Announces appointment of two new board members amid a period of strategic transformation.
Ekinops (EKI): Achieves 800 Gbit/s optical transmission over 800 km on Orange's network. Proof of technological performance.
Logic Instrument (ALLOG / Archos): Wins a military order worth over €6 M for rugged computers, to be delivered to Germany.
Agripower (ALAGP): Signs a €3 M contract to build a biomethane injection unit. Supports the order book.
Gensight (SIGHT): Confirms the launch of Lumevoq phase II in January 2026, following regulatory green light.
Company Results Expected Today
- Wavestone: Highly anticipated publication regarding growth outlook and margins to be confirmed.
Analyst Recommendations (France only)
Recommendation Changes
Upwards
Saint-Gobain (SGO) → Buy maintained by Jefferies, target raised to €144.50.
Engie (ENGI) → Buy confirmed by Citi, target revised to €24.50.
Eiffage (FGR) → Overweight maintained by JP Morgan, target adjusted to €137.
Neutral
JCDecaux (DEC) → Neutral recommendation maintained by JP Morgan, target reduced to €16.
Vinci (DG) → JP Morgan downgraded to neutral, target lowered to €133.
Downwards
Sanofi (SAN) → Target revised downward by BNP Paribas, from €115 to €112, despite recommendation maintained at outperform.
Have a great session, everyone!
Sylvain Mouilhaud: Equities Coach.