Profit & Margin

Recent earnings season in Europe is somewhat depressing. Profit forecasts 12m fwd continues to fall and the expected improvement is postponed. In seven of ten sectors there have been more disappointments than positive surprises in terms of profit. No sector has so far beaten expectations in terms of sales.

Eurostoxx 600 Earnings Revision

The anticipated increase in sales is low, but the margins are expected to increase. But when looking at the chart below it can be stated that the revision trend speaks another language.

Eurostoxx 600 Margins

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