Three vibrant French small-cap stocks

With Emmanuel Macron’s election victory breathing life into the French economy, professional investor Eric Labbé picks three French small-cap stocks to buy now.

Each week, a professional investor tells us where he'd put his money. This week:Eric Labb of CPR Asset Management.

Emmanuel Macron's victory in France's presidential election and his resounding win in the parliamentary election have injected some much needed optimism and relief into French and European markets. For the first time in months, French equities are back on foreign investors' radars. After years of economic fatigue and disillusionment, the wider European cyclical recovery is fuelling growth and raising expectations. We believe Macron's victory and Europe's economic resilience will benefit French small and mid caps. Investors disenchanted with the UK's political and economic uncertainty and with a US economy that's running out of steam should look to this vibrant market.

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Mediawan (Paris: MDW) is a publisher, producer, and distributor of audio-visual content in French-speaking Europe. Mediawan is looking to acquire film and TV companies, and is vying to become a leading premium-content platform in Europe.

Cybersecurity firm Wallix (Paris: ALLIX) helps customers protect and secure their critical IT assets, including data, servers, terminals and connected devices. As one of the few pure cyber-security players listed in France, Wallix is well placed to respond to the growing security needs of companies, as the increasing threat of cyber attacks requires increasing attention.

Continuing with the tech theme, Solutions 30 (Paris: ALS30) a provider of technological support services, is also promising. The company has been expanding geographically and is also entering new business areas.

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Eric Labbé is European equities portfolio manager at CPR Asset Management