(AOF) – European markets should open slightly higher, reassured by the behavior of Wall Street at the end of last week. If the coming days will continue to be driven by company results, several important economic meetings are planned, including German inflation today and the Fed’s monetary policy decision on Wednesday. In Paris, investors will react to Vivendi’s activity figures in the first quarter. For its part, Atos now estimates the liquidity needed to finance activity over the 2024-2025 period at 1.1 billion euros.
Values to follow today
Vivendi
Vivendi’s turnover amounted to 4.275 billion euros in the first quarter, up 5.4% at constant exchange rates and scope. “Canal+ Group, Lagardère and Havas all three posted solid increases in their turnover,” underlined the media group. Lagardère recorded internal growth of 8.9%. Canal+ Group and Havas posted increases of 2.6% and 3.4% respectively.
Atos
Atos unveiled the revised parameters of its financial restructuring framework and confirmed the receipt of a non-binding letter of intent from the French State for the acquisition of the group’s activities deemed strategic by the government. The struggling IT group now estimates the liquidity needed to finance activity over the 2024-2025 period at 1.1 billion euros, compared to 600 million euros previously announced. These funds are to be provided in the form of debt and/or equity by existing stakeholders or third-party investors.
HF Company
Faced with falling revenues, HF Company’s 2023 accounts fell into the red. It shows a net loss, group share, of 2.254 million euros compared to a profit of 532,000 euros in 2022. The operating loss increased from 618,000 euros in 2022 to 1.2 million euros in 2023. The figure business of the integrator of technological solutions and services in the digital and networks universe fell by 15% to 5.472 million euros. The payment of a dividend of 0.50 euros per share will be proposed at the general meeting of June 12, 2024 for the 2023 financial year.
Danone
Danone has completed the placement of a bond issue amounting to 700 million euros, with a maturity of 6 years and a coupon of 3.481%. As part of the active management of its liquidity, this issue allows the agri-food group to increase its financial flexibility while extending the maturity of its debt. Settlement and delivery is scheduled for May 3, 2024 and the bonds will be listed on Euronext Paris. Danone is rated BBB+, stable outlook, by Standard & Poor’s and Baa1, stable outlook, by Moody’s.
Macroeconomic figures
Investors are awaiting the business climate and economic sentiment in April in the euro zone. April inflation in Germany will be known at 2 p.m.
This morning, the euro gained 0.24% to 1.0719 dollars.
Friday in Paris
European stock markets ended in the green a week marked by the publication of a plethora of company results on both sides of the Atlantic. Last night’s highly successful releases from Alphabet and Microsoft whetted the appetite for risk. In France, company results have been particularly strong in the last 24 hours. The CAC 40 was supported by Saint-Gobain and TotalEnergies, whose results were praised. The oil group is also considering a primary listing in New York. The CAC 40 gained 0.89% to 8088.24 points and increased by 0.82% over the week.
Friday on Wall Street
American markets rose, supported by technology stocks. Alphabet and Microsoft reported strong quarterly results and Snap soared on the back of a favorable outlook. On the macroeconomic front, the US PCE price index was slightly above expectations in March on an annual basis. Investors’ concerns about inflation, however, took a back seat. The 10-year yield fell. The Dow Jones gained 0.40% to 38,239.66 points and the Nasdaq Composite rose 2.03% to 15,929.90 points.
