2023-08-23 11:39:03
Dax companies
The profits of German companies are currently under pressure.
Düsseldorf Rising prices and interest rates weaken demand. The result is that in the first half of the year, the net profits of the Dax companies fell by more than a fifth compared to the same period last year. With a view to the second half of the year, many investors are alarmed: the Dax has fallen by a good 700 points since August.
“Growth impulses are not in sight,” warns Henrik Ahlers, Germany head of the management consultancy EY, with a view to the second half of the year. Commerzbank analyst Andreas Hürkamp expects profits to fall by five percent for the year as a whole. Deutsche Bank’s chief investment strategist, Ulrich Stephan, is also skeptical and considers previous analyst expectations that the Dax companies will increase their profits by seven percent in the second half of the year to be too high.
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