According to calculations of the consulting company EY turnover of DAX companies that have so far been presented figures for the past financial year rose, aggregated to seven percent to 726 billion euros.
the operating profit (EBIT) of 18 corporations sector decreased by five percent to a total of 67.7 billion euros in the previous year. . However, the main reason was the record loss of Deutsche Bank of 6.1 billion euros
All companies except BASF posted gains
The majority of companies reported according to the evaluation of profit growth: 12 of 18 corporations to lay. The highest increase generated Accordingly Commerzbank with an increase of 177 percent in operating income. In absolute terms, the carmaker Daimler was more than 13 billion euros over.
In terms of sales all companies managed according to the information on to BASF a plus (excluding banks). The stock market heavyweights also benefited from the euro’s weakness. It makes products “Made in Germany” on the world market cheaper. This can boost demand.
In addition, the depreciation of the euro leaves abroad generated revenue when converted into the common currency rise. Of the increase in sales of almost 50 billion euros, according to EY 21 billion were due to currency effects. “Another strong depreciation of the euro, but seems unlikely to have so that enterprises tion no sup of this page to be expected more,” said EY partner Thomas Harms.
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