The CAC 40 earnings season opens on Monday April 13 with LVMH. 📊 The next few weeks are going to be busy: tight schedule, high expectations, and above all a need to make up for the losses of 2025 - the last salvo of publications had seen the CAC's combined earnings fall by 25%.
🔍 What's going on?
LVMH kicks off hostilities on Monday after trading with its Q1 sales figures. Kering and Publicis follow on Tuesday, Hermès on Wednesday. But the real show arrives on Thursday April 23: no fewer than ten CAC 40 companies will publish on that day, including Orange, Renault and Vinci. The calendar stretches to mid-May, with Euronext closing the show on May 19.
.Interesting detail: Stellantis is changing its format this year. The automaker will no longer content itself with its usual Q1 sales figures, but will deliver its full quarterly financial statements - the first time this has been done since its creation in mid-2021.
Interesting detail: Stellantis is changing its format this year.
💡 Why does it matter?
You have to understand: the last salvo of 2025 was catastrophic. The 39 CAC companies that published saw their combined profits plummet to €97.49 billion, a year-on-year drop of 25%. Renault and Stellantis together swallowed up over 33 billion euros in losses. The automotive sector dragged the index down.
This time, investors will be scrutinizing every figure to see if the CAC can recover or if the 2025 trends persist. This season's results will determine sector rotations and valuations for the months to come.
📊 Our opinion
We remain cautious but attentive. Yes, 2025 was a disaster, but we can't say that expectations are through the roof - they're actually quite low. This is fertile ground for positive surprises, especially in luxury goods (LVMH, Hermès, Kering), which have shown resilience despite a complicated Chinese context. In the automotive sector, we're keeping a close watch: Renault and Stellantis need to prove they're out of the woods. If luxury goods disappoint or the auto sector sinks further, the CAC could take a hit. Otherwise, it's a potential rebound to keep an eye on.
✅ To remember
- LVMH kicks off the season on Monday April 13 after trading.
- Thursday April 23: 10 companies publish on the same day.
- CAC 2025 earnings down 25% - the bar is set low to surprise.
- Stellantis publishes full Q1 accounts for the first time.
- Calendar stretches to May 19 with Euronext closing.
And what do you think?Are you going to play the recovery in luxury goods and the CAC or wait for the figures before making a move?
🔎 Also to be read
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