The CAC 40 has performed strongly over the past 10 years. It has generated a Total Shareholder Return of 11.4% a year. However, this performance has varied greatly between sectors and companies. Luxury goods contributed over 40% of growth. Hermès generated a TSR2 of over 20% a year.
The winners have activated the strategic levers of value creation: a positioning in long-term growth markets; a competitive business model that is constantly evolving to further enhance its attractiveness to customers and create competitive advantages; investments focused on the differentiating levers of this business model and at a level in line with growth ambitions; the integration of environmental and human dimensions; a strong operational implementation capacity.