LVMH: With a fall in its action by 26% in 2025, LVMH is no longer the group that has the most weight on the CAC 40 course

(BFM Stock Exchange) – According to Euronext. Similarly, the luxury group was only the third largest weighting of the Parisian index at the end of Monday, June 30. Similarly, This is explained by the strong fall of the title in recent weeks.

After having abandoned for several weeks now his crown of largest market capitalization of the Paris Stock Exchange in Hermès. However, LVMH loses a second title. Meanwhile, Less symbolic, less known. In addition, But more important for the construction of the CAC 40.

LVMH is no longer the first CAC 40 weighting. Therefore, that is to say that the number one of luxury is no longer the company which has the most weight in the calculation of the famous index of the Paris Stock Exchange.

According to data provided by Euronext. Meanwhile, the lvmh: fall its action 26% operator the Paris Stock Exchange, LVMH was only the third weighting of CAC 40 at the end of June 30. Moreover,

The owner of Louis Vuitton and Dior displayed a weighting of 6.417%, preceded both by Schneider Electric (7.50%) and by total (6.85%) and followed by Airbus (6.08%).

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Floating capital – Lvmh: fall its action 26%

Recall that the weighting of a company of the CAC 40 in the calculation of the index depends not only on its market capitalization (the value of all of its shares) but also on the part of its floating, that is to say the percentage of its actions which circulate freely on the market.

Take the case of Hermès. Similarly, The leathermaker-Sellier displays the largest CAC 40 market capitalization with 244 billion euros. But its floating is low since 66.7% of lvmh: fall its action 26% its capital is held by the family group Hermès. The floating weighs only 32.6% of the total. Thus its floating capitalization amounts to around 79.5 billion euros.

In comparison, Schneider Electric displays a much lower market capitalization of 128 billion euros. But its floating amounts to 86.3%, which means that its floating capitalization is 110 billion euros.

This explains why Schneider is the first weight of CAC 40 and Hermès only the twelfth.

Disappointment in the first trimester

To return to LVMH. the group was still the first CAC 40 weighting when we made a mid-March point, with 9.46%.

Since then. the company chaired and managed by Bernard Arnault has heavily fell on the stock market, weighed down by the severe brake on luxury spending in recent months. The action plunges 26.2% since the start of the year, despite a good increase recorded this Tuesday (+5.50%), thanks to good lvmh: fall its action 26% economic indicators in China.

The group disappointed when he delivered his activity from the first quarter last April. LVMH accused a decline in its sales of 3% in comparable data over the first three months of the year when analysts hoped for 1%. according to Stifel. Such a difference is extremely rare in the number one of luxury.

As Bernard Arnault pointed out. during the general assembly of LVMH, mid-April, the difficulties appeared at the end of the first quarter of 2025, that is to say in March. “Until the end of February everything went very well. then we arrived in front of a global geopolitical and economic situation which was turned upside down by potential customs duties, by worsening international crises, which disturbed a bit on March,” said the CEO of LVMH.

Towards a very difficult second trimester

The second quarter. whose activity will be published by LVMH lvmh: fall its action 26% towards the end of the month, is likely to show a new deterioration in the dynamics of the luxury group.

Bank of America is expecting the company to accuse a drop in its income by 4% in the second quarter in comparable data. its flagship division, fashion and leather goods, would be a fall of 8% of its turnover, still in comparable data.

“The year 2025 promises to be one of the weakest for the demand of luxury products. apart from Covid,” wrote the American bank in a note published on Tuesday.

UBS retains respective 4% folds in the global sales of LVMH in the second quarter. in comparable data, and 7% for the “Mode and leather goods” division. The Swiss bank said on Monday that it was “no doubt about the long -term strength of the brands”. of LVMH.

However. it noted certain fears on the part lvmh: fall its action 26% of investors on the growth potential of society, the risks downwards on its margins or even on the managerial succession.

HSBC. for its part, table even on a drop in overall income of 7% in data comparable in the second quarter and a fall in those of the 11% fashion and leather goods division, on these same bases. The bank anticipates a decrease in the company’s income by 2.3% in 2025 before a rebound of 3.4% in 2026 and then 6% in 2027.

Julien Marion – © 2025 BFM Bourse