Thursday, June 22, 2017

French Companies 2016 Earnings Solid: Up 5% Over 2015, Up 33% Over 2014, Up 108% Over 2009 and Up 67% Over 2008

From a review of the fine Google Finance Website and audited financial statements on company investor relations websites, I found 38 Companies headquartered in France with Stock Market Capitalizations or the Book Value of Stockholders' Equity of more than EUR 10 bil in mid 2016.

I excluded the 2 French Utility Companies with Market Caps above EUR 10 bil.

Below here are the reported Audited Earnings (Losses) From Continuing Operations of each of these 38 French Companies for all years reported from 2007 through 2016:
2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

Most Audited Audited Audited Audited Audited Audited Audited Audited Audited Audited
Recent Net Net Net Net Net Net Net Net Net Net
French Companies 2016 Income Income Income Income Income Income Income Income Income Income
With Market Caps Above EUR 10 Bil FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)

mil Euros mil Euros mil Euros mil Euros mil Euros mil Euros mil Euros mil Euros mil Euros mil Euros












BNP Paribas Dec16       8,115       7,044          507       5,421       7,313       6,894       9,164       6,474       3,452       8,311
AXA Dec16       6,632       5,923       5,337       4,786       4,283       3,379       3,091       4,033       1,236       5,911
Sanofi Dec16       4,800       4,388       4,509       3,874       5,057       5,934       5,721       5,691       4,292       5,682
LVMH Dec16       4,363       4,001       6,105       3,947       3,909       3,465       3,319       1,973       2,318       2,331
Societe Generale Dec16       4,338       4,395       2,978       2,394       1,208       2,788       4,302       1,108       2,773       1,604
Christian Dior Jun16       4,164       6,165       3,892       3,931       3,448       3,269       1,902       2,224       2,328       2,133
Renault Dec16       3,543       2,960       1,998          695       1,735       2,139       3,490     (3,068)          599       2,734
L'Oreal Dec16       3,109       3,299       2,766       2,881       2,870       2,441       2,242       1,792       1,951       2,658
Credit Agricole SA Dec16       2,652       2,913       2,760       2,829     (2,522)     (1,212)       1,731       1,288       2,913       6,491
Vinci Dec16       2,505       2,046       2,516       2,046       2,025       1,996       1,901       1,703       1,699       1,578
PSA Group Dec16       2,149       1,202        (555)     (2,227)     (4,923)          784       1,256     (1,274)        (520)          826
Air Liquide Dec16       1,916       1,824       1,725       1,704       1,675       1,595       1,458       1,285       1,272       1,170
Safran Dec16       1,889        (406)          (68)       1,415       1,326          494          533          415            39          142
Danone Dec16       1,827       1,398       1,253       1,550       1,787       1,855       2,040       1,521       1,222       1,046
Schneider Electric Dec16       1,811       1,503       1,892       1,924       1,927       1,877       1,796          866       1,723       1,621
Michelin Dec16       1,667       1,163       1,031       1,127       1,571       1,462       1,049          104          357          772
Klepierre Dec16       1,477          528          808          137          262          198          182          208          234          231
Natixis Dec16       1,465       1,502       1,214          883          947       1,601       1,769     (1,652)     (2,727)       1,590
Saint-Gobain Dec16       1,352          417          519          632          796       1,360       1,213          241       1,437       1,543
Pernod Ricard Jun16       1,255          880       1,027       1,191       1,174       1,077          978          958          869          856
Vivendi Dec16       1,255          745        (237)     (1,856)        (541)       3,727       3,522       2,086       3,699       3,769
Hermes International Dec16       1,104          977          863          799          751          603          432          295          295          294
Thales Group Dec16       1,015          813          762          609          536          512        (108)        (202)          560          889
Orange Dec16       1,010       2,510       1,360       2,178       1,221       3,888       3,856       3,202       4,014       6,648
Airbus Group Dec16       1,000       2,698       2,350       1,483       1,229       1,037          572        (752)       1,597        (437)
Valeo Dec16          983          774          593          469          398          452          386        (146)        (198)          147
Carrefour Group Dec16          934       1,120       1,300       1,058          235     (1,713)          479          453       1,523       2,048
Capgemini Dec16          908       1,107          573          435          360          389          278          178          451          440
Essilor International Dec16          880          813          986          646          630          518          472          399          389          371
Kering Dec16          880          680       1,028          865       1,358       1,028          815          331          654       1,090
Bouygues SA Dec16          784          480       1,064          755          728       1,237       1,263       1,442       1,686       1,593
Sodexo Aug16          661          723          509          462          550          471          430          422          397          363
Legrand Group Dec16          630          552          533          533          507          479          420          291          352          423
Veolia Dec16          486          538          348          (80)              8     (1,013)          703          685          482       1,234
Dassault Systemes Dec16          452          406          292          355          339          291          221          170          201          177
Iliad Dec16          403          335          278          265          187          252          313          176          100          136
SFR Group Dec16        (218)          682        (188)            65            86            69            27


Publicis Groupe Dec16        (520)          911          734          809          759          629          551          417          478          476












Total all 38
    73,676     70,009     55,362     50,990     45,209     56,252     63,769     35,337     44,147     68,891



   







2016 Total Earnings Above:










…..2015 Total Earnings
5%








…..2014 Total Earnings
33%








…..2009 Total Earnings
108%








…..2008 Total Earnings
67%









Also, there was one large French Company which reported their financial statements in US$s with its earnings shown below for all years it reported in US$s:
2016 2015 2014 2013 2012 2011 2010

Most Audited Audited Audited Audited Audited Audited Audited
Recent Net Net Net Net Net Net Net
French Company Reporting in US$s 2016 Income Income Income Income Income Income Income
With Market Caps Above EUR 10 Bil FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)

mil US$s mil US$s mil US$s mil US$s mil US$s mil US$s mil US$s









Total SA Dec16       6,196       5,087       4,244     11,228     13,648     17,400     14,740





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