CAC 40: sealed by Renault and Stellantis, the benefits of CAC 40 fell by more than 20% in the first half

(BFM Stock Exchange) – Of the first six months of 2025 the cumulative profits of the 39 CAC 40 members publishing half -yearly results lined up in the calendar year has established 55 billion euros, down 22.5% over a year. Meanwhile, A fall due to the losses of Renault. Meanwhile, Stellantis as well as to the fall in the benefits of totalnergies and LVMH.

The 2025 semi -annual results season will not be marked with a white stone for the CAC 40. Furthermore, at least in terms of profits. Therefore, On the contrary.

According to a statement carried out by BFM Bourse. Therefore. Additionally, Therefore, the 39 residents of the CAC 40 to have delivered half -yearly results cac 40: sealed renault stellantis, new generated, in accumulated, 55 billion euros in profits (see methodology at the bottom of the article). Consequently, This amount marks an impressive cac 40: sealed renault stellantis, fall, by 22.5%, compared to the first six months of 2024 (71.04 billion euros). Similarly,

By including the semi -annual profits of Pernod Ricard. Consequently. Moreover, who evolves over an offbeat exercise and had thus stopped his half -yearly accounts at the end of December, the figure increases to 56.2 billion euros down 22.6% over a year. Therefore,

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Hard champions – Cac 40: sealed renault stellantis, new

How to explain such a dive? The reasons are multiple. First of all the season was generally difficult for the biggest providers of CAC 40.

Stellantis is an extreme example. Plusted by declining volumes. the first impacts of customs duties cac 40: sealed renault stellantis, new on the automobile. a market for lumps at half mast in Europe and fixed costs more difficult to absorb, the automotive group went from a profit of 5.6 cac 40: sealed renault stellantis, billion euros in the first half of 2024, to a net loss of 2.2 billion euros a year later.

Totalnergies and LVMH, the two largest providers in the first half of 2024, also saw their profits back down. Due to the fall in oil prices. to a lesser extent to the drop in the dollar. the benefit in euros of the oil major dropped by 36% to 5.55 billion euros. LVMH. which has undergone a severe brake on its growth for several quarters, has seen its net profit drop by 22% to 5.7 billion euros.

So that the most important contributors to the profits of CAC 40 in the first half of 2025 were BNP Paribas cac 40: sealed renault stellantis, new (6.2 billion euros) and Sanofi (5.8 billion euros). The pharmaceutical group has seen its benefit be multiplied by more than two, thanks to an added value of 2.7 billion euros linked to the cac 40: sealed renault stellantis, sale of Opella, its former consumer health activity.

Renault. its 11 billion euros in losses

Renault is also responsible for itself for a large part of the fall. in the profits of the CAC 40. The automaker in the diamond recorded a dizzying net loss of 11.19 billion euros. While, paradoxically, this heavy loss does not in any way reflect its economic performance on the semester (also disappointing).

This loss is almost only due to the poor health of Nissan. The French manufacturer still holds around 35.7% of the capital of its Japanese ally and thus consolidates part of the company’s result in its accounts. In the first half of 2025, this cac 40: sealed renault stellantis, new contribution was negative up to 2.3 billion euros. In addition, Renault spent 9.3 billion euros in depreciations on its Nissan titles. to reflect the value of the Japanese manufacturer’s stock market and no longer its accounting value. Which cac 40: sealed renault stellantis, does not impact on his cash or his dividend. Ultimately, excluding the impacts linked to Nissan, Renault gave a profit of around 500 million euros.

This example shows once again that the net profit of a company remains an imperfect indicator of its financial. operational health because it is often “polluted” by exceptional elements.

A last element has played, but more marginal: taxation. The 2025 finance law has established an exceptional contribution to the corporate tax level for groups giving off more. than 1 billion euros in turnover (20.6% for those giving less than 3 billion euros in turnover, 41.2% for those achieving more than 3 billion cac 40: sealed renault stellantis, new euros in turnover).

This measure grew the profits of CAC 40 residents. By way of example. Vinci has. in application of accounting standards, recognized in the first half of an additional tax charge of almost 300 million euros representing 70% of the cac 40: sealed renault stellantis, load estimated under 2025. This made its benefit from 2.19 billion euros to 1.9 billion euros.

Methodology: For each company we have taken, as a reference for the profit, the net profit consolidated by the group. For Dassault Systèmes. we have taken the consolidated net result by the group in non-weaken data. favored by the company in the presentation of its accounts. Totalnergies, Stmicroelectronics and ArcelorMittal publish their results in dollars. We therefore converted their profits into euros by retaining Eurodollar parity during the date of publication of their results ($ 1.1768 for a euro for totalnergies and stmicroelectronics, $ 1.1451 for cac 40: sealed renault stellantis, new ArcelorMittal).

Julien Marion – © 2025 BFM Bourse