Categories: Business

Live from markets: STMicroelectronics, TotalEnergies, Carrefour, Publicis, Vusiongroup, Tesla, IBM, Nokia… – 01/25/2024

Every morning, the Zonebourse team identifies and summarizes significant information related to listed companies around the world, to capture key news at the start of the trading day. The content includes one part on France and another on key international markets, particularly American companies, and key European markets (UK, Germany, Switzerland, Italy, Spain) and Asia-Pacific.

in France

Results of the company (comments are given directly and do not prejudge the evolution of the securities)

  • Crit ends 2023 with a turnover of €2.54 billion, up 3.5% like-for-like.
  • ID Logistics records an annual turnover of €2.75 billion (+7.2% on a comparative basis).
  • Publicis generates 6.3% organic growth in 2023, higher than the objective set in October.
  • STMicroelectronics reported Q4 results slightly below the midpoint of forecasts, driven by automotive. Activity and results will decrease in 2024.
  • Vusiongroup (formerly SES-imagotag) generates €801.4 million in annual revenue (+29%).

Important (and not so important) announcements

  • Carrefour is in talks with Intermarch over the takeover of 31 stores from the casino group.
  • TotalEnergy wins offshore wind tender off New Jersey coast.
  • Stallantis is reducing its workforce by 600 fixed-term contracts at its French factory in Mulhouse.
  • According to Les Echos, Societe Generale is looking for a buyer for Shine, its neobank for professionals.
  • Gaztransport & Technigaz strengthens its collaboration with Chinese JOVO.
  • Assystem sells its 5% stake in FrameTom to EDF.
  • Lhyfe and EDPR sign long-term agreement to supply renewable electricity in Germany.
  • Charwood Energy inaugurated the first industrial gasification demonstration in France.
  • Oncodesign receives €2.1 million in FEDER subsidies.
  • Key releases of the day: Alten, JCDecaux, Aramis, Manitou, Getlink, Exel, Invibes, Largo, Maurel, Vetoquinol, Nicox, Cegedim, Stef, Bio-UV, Aubay, Sword, Visiativ, Hydrogen Refueling Solutions, Omer-Decugis , Maisons du Monde, Hunyvers, Cibox, Okwind, Vranken…

In the big world

Company results (comments are given directly and do not prejudge the evolution of securities, except for post-session exchanges in the United States, which generally reflect trends well)

  • Givaudan publishes forecasted profits and confirms its targets for 2025.
  • Favortree expects core profit to fall short of estimates.
  • IBM jumped 8% out of the session after its results.
  • Nokia announced an 84% drop in net profit in 2023 and fears of a still “difficult” market in early 2024.
  • Tesla fell 6% out of the session after announcing that its volume growth would stall this year.
  • Toddy’s reported a 12% increase in its revenue in 2023, to €1.13 billion.

Important (and not so important) announcements

  • Apparently, it was Boeing and not the subcontractor that assembled the panels of the B737MAX 9 that made the cut. The FAA has also frozen the aircraft’s production expansion program.
  • Microsoft’s market capitalization briefly surpassed $3,000 billion.
  • Apple iPhone shipments in China fell 2.1% in the fourth quarter, according to IDC.
  • Brussels International launches investigation into takeover of Air Europa by Consolidated Airlines.
  • Oersted takes full control of the US offshore wind farm from its joint venture partner Eversource.
  • Haleon sells its ChapStick lip balm brand to Suave Brands.
  • Key releases of the day: Visa, Intel, T-Mobile US, Comcast, Union Pacific, NextEra Energy, Blackstone, KLA Corporation, Humana, LVMH, Atlas Copco, STMicroelectronics, Givaudan… Here’s the full agenda.

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