Thales enters the CAC 40, Valeo and Worldline ejected

Euronext announced Thursday evening Thales’ entry into the flagship index of the Paris Stock Exchange on June 24. Valeo and Worldline (formerly Atos subsidiary) will come out of the flagship index which included 41 stocks.


Consecration for the equipment manufacturer of aerospace, defense and security: Thales will enter the CAC 40 on Monday, June 24. Euronext, the operator of the Paris Stock Exchange, announced Thursday, June 13, the upcoming changes to the flagship index of the place: one entry and two exits, Valeo and Worldline, while the ACC actually had 41 values, since the entry of Dassault Systèmes last September.

It is in fact a return for Thales, the former Thomson CSF, which was released from the CAC 40 in July 2006. The group led by Patrice Caine, finalized in April the acquisition of Gemalto and updated Thursday its annual targets for operational profitability and order taking to account for the acquisition of the chip card specialist. This integration into the CAC reflects this change in stature.

“The decision of Euronext reflects the constant mobilization of the group’s teams to continuously increase its operational performance, while constantly innovating”, responded Thales in a statement.

The group emphasizes that this entry “results from the sharp increase in its market capitalization, from 9.6 billion euros at 31 December 2013 to 21.7 billion at 31 December 2018, ie + 126% in five years”.

Technological strengthening in the index
The scientific committee of the Euronext indices meets four times a year to validate the list of the 40 stocks making up the index, using as criteria the size of the floating capital (tradable on the stock market) and the volume of exchanges. The exit of Worldline, whose price has risen by 44% since January, is the separation of the payments specialist of its parent company Atos, which is part of the CAC 40. That of Valeo comes after a drastic drop in the stock market price. the automotive supplier in a difficult context for the entire sector. Valeo shares lost 59% last year.

These changes will reinforce the weight of technology stocks in the CAC 40, with Atos and STMicro entering in 2017, and then Dassault Systèmes last year, joining Orange and Capgemini.

Euronext has also announced the return of credit insurer Coface within the SBF 120.

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