Hermès jumped to the top of the Parisian market’s flagship index during the November 1 session, posting a 3.01% rise to € 1,350. The group was closely followed by another luxury value, Kering (+ 2.75% to € 476.46). LVMH recorded an increase of 1.85% to 650.80 euros. The entire industry has been buoyed by speculation of easing measures against Covid-19 in China.
McPhy Energy announced the final investment decision for its Electrolyser Gigafactory at the Belfort site by its Board of Directors on October 26. This approval was followed by the signing with Bpifrance of a public aid contract by the French state up to 114 million euros for Gigafactory as part of the PIIEC (Important Project of Common European Interest). The McPhy project’s eligibility for this scheme was validated by the European Commission last July
The Orpea stock recorded the strongest rise in the SBF 120 index at the end of the session on 1 November (+ 11.98% to 9.9 euros), recording a lower performance than the day before (+ 24.05%) . Volatility is very high for Orpea, which has placed itself under legal protection due to a renegotiation of its debt, including the covenants of numerous credit lines that may not be respected at the current state of 31 December 2022.
In the third quarter, Imerys recorded current EBITDA up 14.9% to 193 million euros. It increased by 10.2% to 568 million euros in the first nine months. The company generated revenues up 20.8% to 1,116 billion euros in the third quarter. The specialist in special minerals recorded organic growth of 13.3% (+ 14% compared to the first nine months of 2022), “the result of the pricing policy in the face of inflationary pressures on costs”.
In the first half of the year, the PAT Group suffered a net loss, group share, of 1.05 million euros against a loss of 1.084 million euros in the previous year. The operating loss was also substantially stable at 1,534 million euros. It was 1,541 million euros in the first half of 2021. Turnover fell by 10% to 896,000 euros.
During its Capital Markets Day, which is held today, Sodexo will present its strategic plan for 2025. In this context, the group has indicated that it is aiming for organic revenue growth for 2023 of between 8% and 10%. % and an operating margin close to 5.5% at constant exchange rates. For the fiscal years 2024 and 2025, Sodexo expects organic revenue growth of 6 to 8% and an operating margin of more than 6% in 2025.
Spie has entered into exclusive negotiations with Belfor, a disaster recovery specialist, for the acquisition of its firefighting activities for the nuclear sector in France. Headquartered in Maisons-Alfort in the Paris region, the company employs around 80 skilled employees and achieved a turnover of € 12 million in 2021.
Verallia has signed a firm agreement with a subsidiary of Sun European Partners for the acquisition of Allied Glass. With this acquisition, the world’s third largest glass packaging manufacturer intends to benefit from Allied Glass’s expertise in the production of premium glass bottles, particularly in the Scotch Whiskey and Gin sectors, and to leverage its established position in the UK market. . The operation has a value of approximately 315 million pounds (enterprise value) and will be financed by the available liquidity of Verallia.