The main French groups returned to growth in 2017

En 2017, les principaux groupes français renouent avec la croissance

Marie Balard, Adrien Boileau and Olivier Gonzalez ()

Bulletin de la Banque de France, 2018, issue 217, No 3

Abstract: After highly encouraging half-yearly results, the vitality of the 80 largest French industrial and commercial groups was confirmed with a 5.3% increase in turnover during 2017. Capitalising on their international activities, these groups reported extremely strong organic growth, which accounted for a 5.8 percentage point positive contribution to turnover. External growth brought an additional 1.7 percentage point increase, offset by a negative 2.2 percentage point contribution related to exchange rate effects and other variations resulting from the depreciation of the dollar against the euro.This improvement in turnover proved to be a source of profitable growth: EBITDA1 rose by 7.2% year-on-year and net income rose by almost one-third (up 29.2%). Thanks to these robust results, the main groups were able to reinforce their cash position and equity by 5.7% and 2.3%, respectively.

JEL-codes: F23 G30 G32 L25 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:bullbf:2018:217:03

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