Carrefour, EssilorLuxottica, Hermès, Michelin, Rexel... Key Stocks to Watch Today in Paris
Published on 02/12/2026 at 11:02 am +03
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Carrefour has entered into exclusive negotiations with Paval Holding for the sale of all its operations in Romania, at an enterprise value of €823 million. The deal is part of the strategic review launched at the start of 2025. Paval Holding is the investment vehicle of the Paval family, who lead Dedeman, the national DIY champion.
Claranova
Claranova announced revenue of €49 million for the first half of 2025-26 (July-December 2025), down 19% in reported terms and 9% at constant exchange rates and scope. Continuing the trend from the first quarter, the company maintained its focus on the Document (PDF) segment, where half-year sales rose by 6%, buoyed by particularly strong momentum in B2B (+18%).
EssilorLuxottica
The group reported revenue of €28.491 billion in 2025, up +7.5% compared to the previous year, or +11.2% at constant exchange rates. The group benefited from contributions across all regions and from a stronger performance in the Professional Solutions segment compared to Direct to Consumer.
Hermès
Hermès International posted group net profit of €4.52 billion for 2025, up 5.5% excluding the exceptional contribution on large company profits in France, matching the pace of sales growth. The luxury group's revenue rose by 5.5% at current exchange rates to €16 billion, and by 9% at constant rates, including a 10% increase in fourth-quarter sales. In terms of profitability, operating income climbed 7% to €6.57 billion for the full year, lifting the corresponding margin by 0.5 percentage points to reach 41%.
Ipsen
Ipsen reported IFRS net profit up 28% to €444.5 million for 2025, with operating profit from activities rising 16.7% to over €1.29 billion, representing a margin of 35.2% of total sales, up 2.6 points. Sales reached nearly €3.68 billion, up 8.1% in reported terms and 10.9% at constant rates, driven by all three therapeutic areas (+4.1% in oncology, +102.5% in rare diseases, and +9.7% in neurosciences, at constant rates).
Lectra
Lectra posted net profit of €25.6 million for 2025, down 13% in reported terms, and current EBITDA of €79.7 million, down 8% on a comparable basis, with a corresponding margin of 15.7%, down 1.6 points. The technology solutions provider for industry achieved gross margin of €369.3 million, or a gross margin rate of 72.9%, up 1.3 points, thanks to a favorable sales mix and strict control of production costs.
Legrand
Legrand reported group net profit up 6.7% to over €1.24 billion for 2025, with an adjusted operating margin of 20.7% of sales (20.6% before acquisitions), up 0.2 points. For the full year, revenue for the electrical and digital infrastructure specialist rose 9.6% to €9.48 billion, including organic growth of 7.7%.
Michelin
Despite lower volumes and negative currency effects, Michelin managed to limit the impact in 2025 thanks to its move upmarket (product mix) and growth in non-tire activities. In 2025, the Clermont-based group's revenue fell 4.4% at current rates to €26 billion. The main factor: a sharp decline in tire volumes (-4.7%), especially severe in the original equipment markets.
Neurones
Neurones ended 2025 with revenue of €857.2 million, up 5.8%, or 5.1% organically. In the fourth quarter, revenue rose 6.5%, or +6.2% organically, to €225 million.
Rexel
In 2025, Rexel's sales reached €19.41 billion, a slight increase of 0.7% in reported terms year-on-year, and +2.5% on a comparable basis and at constant days. Net profit totaled €591.4 million, up 73.4%. Operating profit for 2025 stood at €1.061 billion, compared to €845.9 million in 2024, including exceptional items (restructuring, asset impairments, capital gains on disposals). The adjusted current Ebita margin was 6% in 2025, up by +10 basis points compared to 5.9% in 2024.
Sanofi
Sanofi announced that its board of directors, meeting on February 11, decided not to renew Paul Hudson's directorship. As a result, he will step down as CEO at the close of business on February 17. On the nomination committee's recommendation, the board appointed Belén Garijo as CEO. She will take office after the AGM on April 29, 2026. Her appointment as a director will also be proposed.
Spie
Spie announced the acquisition of INVIZO, a Slovak company specializing in building security systems and smart technical solutions. INVIZO is a provider of technical solutions for building security and smart installations. The company specializes in the design, implementation, integration, and maintenance of security systems, including electronic fire protection, access control, CCTV, intrusion detection, and smart electrical installations.
Unibail-Rodamco-Westfield
In 2025, Unibail-Rodamco-Westfield (URW) reported gross operating profit of €2.284 billion, up 3.6% on a like-for-like basis, supported by an increase in net rents from shopping centers (+3.8% like-for-like) despite the impact of disposals. Recurring net profit reached €1.452 billion, while IFRS net profit amounted to €1.268 billion. Recurring net profit per share (RNRAPA) came to €9.58, in line with revised guidance (“at least €9.50”), and the group will propose a cash distribution of €4.50 per share for the year, up about 30% year-on-year. Operationally, retailer sales rose +3.9%, footfall increased +1.9%, and the vacancy rate fell to 4.6%, its lowest level since 2017.




















