What to do with the billions from the CAC 40?

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Record at the CAC 40 with more than 160 billion in profits in 2021. Never have the companies in the index made so many profits in one financial year. Even if it has since fallen below 6,000 points with the recent geopolitical uncertainties, the CAC 40 signed its historic record at the close on January 5 with 7,376 points. We are on a historical order of magnitude with a post-health crisis which has seen business activity take off in all directions, driven by a rebound in consumption.

Luxury, tech or raw materials, all the drivers of the CAC 40 benefited from this economic situation and accompanied this exceptional year. Banks are also making a comeback, benefiting from a rebound in interest rates. Uncertainty weighs on the continuation of this good economic situation now in the context, in particular, of the war in Ukraine . It raises questions about the effects of soaring energy prices on businesses, and how consumers will react.

war chest

The time could be for companies, strong of these good results, to invest after a big difficult decade. But recognizing and displaying these profits made to discuss them is a difficult thing in France. The words shareholders and dividends do not have good press there. In this landscape employee ownership offers opportunities to cross the boundary between capital and labor. A border that some unions prefer tight.

La Story is a podcast from Les Echos presented by Pierrick Fay. This episode was recorded in March 2022. Editor-in-chief: Clémence Lemaistre. Guests: Hervé Joly (historian, research director at the CNRS) and Bastien Bouchaud (journalist in the Markets department of “Echos”). Directed by: Nicolas Jean. Production and publishing manager: Michèle Warnet. Music: Théo Boulenger. Graphic identity: Upian. Photo: Kamil Zihnioglu/AP/SIPA. Sounds: BFM TV, A360productions, L’Union populaire, TF1.

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