The main French groups returned to growth in 2017

Marie Balard, Adrien Boileau and Olivier Gonzalez ()

Quarterly selection of articles - Bulletin de la Banque de France, 2018, issue 217, 14

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:quarte:2018:217:03

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