Aurélien Fleurot // Photo credit: KTSDESIGN / SCIENCE PHOTO LIBRARY / KTS / SCIENCE PHOTO LIBRARY VIA AFP 8:26 a.m., November 1, 2024
The 2025 budget provides for tax increases on large companies to cover the public deficit, yet we can question the financial health of large groups. In the automobile, luxury or oil industries, third quarter results are rarely positive. Should we be worried?
Minus 15% for Kering in the third quarter, minus 20.3% over the first nine months of the year for Total Énergie. Stellantis, which was accustomed to double-digit margins, fell 27%. Even L’Oréal is seeing its growth slow down because of China.
“We are not in crisis, but we are not in a situation of economic dynamism”
However, economists are not worried and rather see it as a normalization after a very strong post-Covid rebound for its sectors, like Anne-Sophie Alsif, chief economist at BDO France, who even sees several positive signals. for the months to come.
“First, American growth which is crazy, which is driving global growth to 2.6% this year and 2% next year. And then the other element is also the better health of the China which sees its crisis in the mining sector behind it. So there you have it, we are not in a crisis, but we are not in a situation of economic dynamism. We are between the two,” she confides at the microphone of Europe 1.
And if the indicators should quickly turn green for industry, this will be less the case for services, where 2025 promises to be more complicated, because it will be necessary to continue to absorb the strong salary increases which have accompanied the inflation of these recent months.
