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Major French groups were less profitable in 2013, but their cash position was stable and their financial structure strong

Author

Listed:
  • L. Carlino.
  • G. Dairay.
  • C. Mangin.
  • F. Servant.

Abstract

The 77 largest French groups saw a small drop in turnover in 2013. Operating profit and earnings declined, without affecting their ability to generate cash. Equity capital remained robust and market capitalisation grew.

Suggested Citation

  • L. Carlino. & G. Dairay. & C. Mangin. & F. Servant., 2014. "Major French groups were less profitable in 2013, but their cash position was stable and their financial structure strong," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 34, pages 21-45, summer.
  • Handle: RePEc:bfr:quarte:2014:34:02
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    File URL: https://publications.banque-france.fr/sites/default/files/medias/documents/quarterly-selection-of-articles_34_2014-summer.pdf
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    More about this item

    Keywords

    consolidated financial statements; IFRS; earnings; major industrial and commercial companies; major French groups; other comprehensive income (OCI); companies listed on segment A of Euronext; goodwill;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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