PARIS (Reuters) – The values ​​to follow on Wednesday on the Paris Stock Exchange and in Europe:

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* CARREFOUR said on Tuesday it is approaching 2023 with confidence after reporting record growth in its net free cash flow to 1.26 billion euros and a further increase in its operating profit in 2022 despite the inflation.

* KERING reported a 7% like-for-like decline in fourth quarter sales on Wednesday, as health restrictions in China related to COVID-19 weighed heavily on its flagship brand Gucci.

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* LVMH – American artist Pharrell Williams was appointed artistic director of men’s collections at Louis Vuitton, one of the brands of the French luxury group LVMH, on Tuesday. In addition, the brand is expected to increase its prices in China by up to 20%, according to predictions by users of the Chinese online commerce platform Xiaohongshu.

* LA FRANÇAISE DES JEUX (FDJ) published on Wednesday a turnover for 2022 up 9% to 2.5 billion euros and an Ebitda up 13% to 590 million euros. The group has confirmed its outlook for this year and will pay shareholders a dividend of 1.37 euros per share, up 10%.

* VINCI announced on Tuesday that it anticipates free cash flow of between 4.0 and 4.5 billion euros this year.

* NEXANS published on Wednesday for the 2022 financial year a turnover of 6.75 billion euros for an Ebitda of 599 million euros against respectively 6.05 billion euros and 463 million euros in 2021. The group said it expects normalized cash generation for this year to be between 150 and 250 million euros.

* LEGRAND announced on Tuesday the signing of a contract with a service provider for a share buyback of up to 515,000 shares, or approximately 0.19% of the group’s capital.

* JCDECAUX announced on Tuesday an extension of its partnership with Kempegowda International Airport in Bangalore, India, for a period of 12 years.

* VICAT announced on Tuesday that it anticipates an increase in 2023 Ebitda, at a level at least equivalent to that recorded in 2021, after an increase in the latter of 5.9% in 2022.

* HEINEKEN – The world’s second-largest brewer on Wednesday reported better-than-expected 2022 profit on the back of a solid recovery in its Asia business and reiterated its forecast of higher profit for this year.

* GLENCORE announced on Wednesday its intention to pay shareholders 7.1 billion dollars (6.6 billion euros) as part of a new share buyback program of 1.5 billion dollars, the group having recorded a record profit in 2022 thanks to soaring oil and coal prices.

* BARCLAYS on Wednesday published annual pre-tax profit down 14% to 7 billion pounds (7.9 billion euros and slightly below the consensus of analysts provided by the bank.

* TELECOM ITALIA (TIM) reported on Tuesday an Ebitda down 10.6% to 5 billion euros for the annual financial year ended December 31, against 4.98 billion euros forecast in the consensus provided by the telecom group.


(Written by Claude Chendjou, edited by Blandine Hénault and Matthieu Protard)

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