(News Bulletin 247) – The pharmaceutical group is sinking on the Paris Stock Exchange after publishing results lower than expectations in the third quarter. But above all, the company has delivered a strategic plan which foresees stability of its profit in 2024 and throws the margin objective for 2025 in the trash.

The plunges have continued on the CAC 40 in recent weeks. If Worldline (-59% on Tuesday) and Alstom (-38% at the start of the month) were among the smallest stocks in the index, the same would not be said of Sanofi, which is quite simply the fifth French company in terms of market capitalization.

The group delivered its third quarter results this Friday, but as Stifel puts it very well “Sanofi published much more than a quarterly report this morning and made several announcements that go in opposite directions”.

The group’s results are lower than expected, but, in addition, Sanofi has unveiled a strategic plan which indicates a stable profit for next year, while analysts expected much better. And the group has in the process abandoned its margin target for 2025. As a result, the share price plunged by 15% on the Paris Stock Exchange, obviously accusing the biggest decline in the CAC 40.

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