The Covid halved the profits of the CAC 40 giants in 2020

2020, annus horribilis of the CAC 40. The coronavirus crisis has cost the stars of the rating dearly. The profits of large French companies plunged 51% last year, according to a count made by the firm PwC. An unprecedented rout, even more severe than in 2008 – they had then fallen by 37%. The aggregate net income of the 37 companies that have published their accounts – EssilorLuxottica is due to publish its own on March 12, Alstom and Pernod Ricard have staggered fiscal years – comes out at 39 billion euros, against 80 billion in 2019 (at constant scope).

The shock is violent but, to hear the leaders during the presentations of results, it should be short-lived. Less than a year after the announcement of the first containment, large companies are already seeing the end of the tunnel. “The world stopped in the first half of the year, but since then, the return to normality has started,” said Philippe Kubisa, partner specializing in capital markets at PwC. “Companies have adapted to the effects of the crisis, particularly teleworking, and activity has picked up. ”

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