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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Total    FP   FR0000120271

TOTAL

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Total : moves finance department back to Paris due to Brexit, costs - CEO

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01/14/2020 | 04:35am EST
Total CEO Patrick Pouyanne attends a hearing of French parliament's economic commission at the National Assembly in Paris

French energy major Total will move its finance department back to Paris from London due to Britain's impending exit from the European Union, and also to reduce costs, the firms Chief Executive Patrick Pouyanne said on Tuesday.

The blue chip company caused an uproar in France when it decided in 2013 to move the 70-strong department from its Paris headquarters to London.

"We have just decided to bring it back to Paris. There is Brexit at play ... and then there is a question of costs," Pouyanne told a Euronext conference, answering questions about the attractiveness of Paris as a destination for business.

Companies are making final preparations as Britain is poised to officially leave the European Union on Jan. 31.

(Reporting by Maya Nikolaeva; Writing by Bate Felix; Editing by Louise Heavens)

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRITISH POUND (EUR/GBP) -0.17% 0.84262 Delayed Quote.-0.16%
TOTAL -1.00% 47.32 Real-time Quote.-2.85%
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Financials (USD)
Sales 2019 193 B
EBIT 2019 17 462 M
Net income 2019 11 669 M
Debt 2019 30 807 M
Yield 2019 6,21%
P/E ratio 2019 10,7x
P/E ratio 2020 9,06x
EV / Sales2019 0,79x
EV / Sales2020 0,79x
Capitalization 122 B
Chart TOTAL
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Technical analysis trends TOTAL
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Average target price 63,50  $
Last Close Price 47,32  $
Spread / Highest target 62,7%
Spread / Average Target 34,2%
Spread / Lowest Target 0,40%
EPS Revisions
Managers
NameTitle
Patrick Pouyanné Chairman & Chief Executive Officer
Jean-Pierre Gerard Claude Sbraire Chief Financial Officer
Marie-Noelle Semeria Group Chief Technology Officer & Senior VP
Patrick Artus Independent Director
Marie-Christine Coisne-Roquette Independent Director
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