The boss of the luxury group LVMH looks back on a successful year – and optimistic about the future.
(Photo: Reuters)
Paris Anyone who relies on listed family companies from France can look forward to looking at their portfolio at the moment: Because shares in the consumer goods group L’Oreal, the software company Dassault Systèmes or the luxury groups Hermès, LVMH and Kering are developing significantly better this year than the leading French index Cotation Assistée en Continu (CAC).
On average, the shares of these companies have risen by more than 15 percent since the beginning of the year, while the CAC, which shows the performance of the 40 largest French stock corporations, has only increased by nine percent. The family businesses also beat the index in the short term: on a weekly basis, they increased by more than one percent on average, while the CAC fell slightly.
Experts see further price opportunities in most listed family companies. Because these can play to their strengths, especially in times of crisis.
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