Germany's Leading Corporations: Profit Slump and Fewer Jobs
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Germany's top 100 publicly listed companies experienced a 15% drop in EBIT to €102 billion in the first nine months, marking a third consecutive decline. Despite a slight revenue increase of 0.6% to €1.55 trillion, it lagged behind inflation. Job cuts totaled 17,500, with Volkswagen, DHL, and Siemens as top employers. Automakers faced a 46% profit drop, while IT and healthcare sectors saw growth. EY's Jan Brorhilker remains cautiously optimistic, citing opportunities in the auto industry's strategic realignment and electric models.
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