(BFM Stock Exchange) – The ball of quarterly publications for the residents of the famous Parisian index begins this week with six groups. If the results and turnover will be fiercely followed by investors, the market will also ensure comments on the impacts of American customs duties.
Barely a month after the end of the results ball for 2024, a new season of publications begins on the CAC 40. In Wall Street, the kick -off was given at the end of the week with in particular American banks.
On the CAC 40, LVMH will be the first company to reveal indicators, in this case its sales and turnover on the first three months of 2025 on Monday. More broadly, six companies will publish next week. The season will end on May 15 with Engie.
As with each first or third quarter, certain CAC 40 groups will deliver turnover (LVMH, Renault for example), others will publish more indicators, such as Veolia, or even complete accounts like Airbus or banks.
Some days promise to be extremely busy, because the publication ball is part of a very tight calendar, a month. On April 24, no less than 15 CAC 40 groups will publish. On April 30, seven companies will deliver results or simply turnover.
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Customs duties, the guest not necessarily desired of the season of results
If the usual indicators (sales, operating profit, profit, cash flow) will obviously be very scrutinized by market operators, investors will also pay attention to the comments of the directions regarding the impact of American customs duties on their groups.
With Donald Trump’s announcements on these customs surcharges, the markets suffer. Even if the American president “pauses” part of these customs duties on Wednesday. Recall that surcharge on China, Canada, Mexico and certain sectors (steel, aluminum, automobile) are still topical.
The CAC 40 has now largely tilted in the red over the whole of 2025, now losing 3.74%. The Parisian index took even more than 7%, over this same period, only two weeks ago.
Barclays believes that the prospects announced by European companies on the occasion of this wave of results could be negative. “We see the field for lowering of objectives,” even warns the British bank.
Certain sectors will be particularly scrutinized, such as the automobile, Stellantis and the equipment manufacturers being perceived as important collateral victims of the customs war. This is much less the case for Michelin, which produces a lot in the United States, or even Renault which is present in the United States only indirectly, via its participation in the capital of Nissan.
Luxury, for its part, will probably not escape the negative repercussions of customs duties. On Monday, Bernstein saved his market forecast, tabling on a 2% drop in the demand for luxury products this year, against an increase of 5% previously. This is due to the indirect impacts of American customs duties.
On the European banks side, Axiom Ai relativizes. “The trade war leads to freezing customs duties raised in several countries and their consequences would have an impact on the profitability of the sector but probably not before 24 months and these would probably be mixed by tax backgrounds”, explains the financial intermediary.
The CAC 40 publications calendar
Monday April 14
Tuesday April 15
Wednesday April 16
Thursday April 17
Wednesday April 23
Thursday April 24
Friday April 25
Monday April 28
Tuesday April 29
Wednesday April 30
Tuesday May 6
Wednesday May 7
Wednesday May 14
Thursday May 15
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