Germany’s Top corporations have made in the second quarter, very good business. The 30 Dax companies benefited not only from the recovery of the world economy. Keeping the momentum in the second half of the year?
Germany’s Stock market heavyweights have earned, according to a study from April to June, as much as ever in a second quarter. Buoyed by the economic recovery in Europe and the upturn in the world economy, the operating profits of the 30 Dax-listed companies increased compared to the prior-year period, added together by almost a third to the best value of well over 39 billion euros. The analysis of the auditing company EY. Revenue – excluding banks – rose by six per cent on the quarter, a record total of 344 billion euros. Also in the year as a whole, the best brands are EY, according to in sight.
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“The Dax companies were able to take the momentum of the first three months of 2017, successfully in the second quarter of the year and the profit growth is even a little bit harder,” explained Mathieu Meyer, a member of the EY management, on Monday. In view of the uncertain political climate and economic risks, the almost consistently good development of the Top companies is remarkable.
“The second half of the year seems to Be a very promising start,” said Meyer. Nine companies had their sales or Profit forecasts for the year revised upwards, only two groups would be lowered. “2017 is expected to Be a record year,” said Meyer.
Risks remain
Risks the expert sees in the stronger Euro, rising commodity prices and the development of the economy in the UK after Brexit vote: “For German companies, and a lot is in the UK on the game, because they are engaged in massively.” The Euro had gained against the Dollar and co. last. From the German market, which may dampen the demand for goods tends to be more expensive on the world. In addition, the positive effect on the translation of foreign-generated revenues in euros.
Especially good are the shops in Asia and the USA, which grew by ten percent developed, according to the figures, in the second quarter. Here also, the then-weaker Euro had a positive effect.
The revenues generated in Europe, sales increased by five percent. “Europe remains by far the most important market for the German company – the more important is the economic recovery on the European continent, continues to gain momentum,” said Meyer.
ul/as (dpa)