Values to be followed in Paris and Europe

  •   25/03/2020 - 12h14
  •   DEHOUI Lionel

As every day since the beginning of this health and economic crisis, there are values that must be watched at all costs. Indeed, this Tuesday, the futures contracts on the benchmark indexes mention a clear opening upwards ranging from 3.7% to 5.2% on the Paris Stock Exchange. Eyes are also focused on the development of the European financial market. It all started on Monday with the announcement by AIRBUS that its customers would be seeking to cancel or postpone the delivery of airliners. This also concerns helicopters in the current context where the coronavirus is sparing no company. In addition, Berenberg is lowering its target price to 65 euros from 156 euros while downgrading its advice on the value to "keep" versus the value to "buy".  

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Values to be followed in Paris and Europe
Image copyright: Rock Cohen - Flickr

UNIBAIL RW and PERNOD RICARD following NEXT

The news at the level of the group specialising in the management and promotion of large shopping centres is quite different. But not the opposite of the economic trends observed these days. The company UNIBAIL-RODAMCO-WESTFIELD indeed declared this Monday that it abandons its financial objectives for the current financial year 2020. It also specifies the suppression of half of its dividend for the fiscal year 2019 in order to succeed in preserving its liquidities during these days of pandemic.

For PERNOD RICARD, the health crisis caused by Covid-19 will have a negative impact on its turnover. Indeed, the pandemic will, according to the group's statement, cause a 20% drop in current operating income for the 2019-2020 financial year. The spirits group was therefore very clear in its statement this morning. As for British retailer NEXT, it has published the closure of all its stores since Monday.

 

From SANTANDER to THYSSENKRUPP via PROSIEBENSAT.1

It should be noted that the Spanish bank Santander has announced since Monday that it will review the payment of its cash dividend for the financial year 2020 and that it will not be able to pay its first interim dividend in November. These are some of the measures taken to outweigh the economic effects of the pandemic.

Precisely, the German industrial group THYSSENKRUPP yesterday evening made a case for abandoning its forecasts on its operating result. The latter naturally counts for the current financial year, which is still in progress. The Covid-19 has obviously not given the various German groups any chance. Similarly, the German publisher AXEL SPRINGER has left aside its 2020 objectives, but specifies that it intends to keep its dividend proposal at 1.16 euro per share for the 2019 financial year.

 

TELEPERFORMANCE and BIC

Since yesterday, TELEPERFORMANCE has abandoned its objectives for the current financial year. It must be said here that the call center specialist has notified that it has not yet considered a questioning of its dividend for the year 2019. Only the future will tell the group's director what he will have to do. But for the moment, it is the situation of the BIC group that is of concern.

According to its statements, the financial forecasts for 2020 no longer count since the crisis has affected its activities and supply chains. At the end of last week, the BIC Group's cash position was slightly above 170 million euros, although it remains in continuous contact with its banking partners.