According to a new study, Europe will keep falling behind. The largest companies in the United States and Asia left the European TOP companies in 2024 in turnover and profit. German companies performed particularly weak.
This is apparent from a study for which the research and consultancy firm EY analyzed the balance sheets of the best-selling stock markets in the world. The top companies from the United States increased their turnover by an average of 4.5 percent in 2024, which from Asia by 3.2 percent. The large companies of Europe had to accept a minus of 1.1 percent.
According to the study, the shortage of profit is even clearer: according to the study Stegen Asian companies by almost a fifth (19.5 percent), the companies from the United States with 8.2 percent. In Europe, the profit of top players fell on average by 6.5 percent. German companies performed particularly weak: their turnover fell by 3.1 percent, the profit fell by 8.5 percent.
The group of 1,000 stock market companies with the highest turnover is dominated by the US. They offer 317 companies. China (137) and Japan (110) follow. Germany ends up in fourth place with 43 companies.
EY -Expert: “The situation is serious”
According to EY expert Jan Brorhilker, the top companies of Europe are still under pressure in global competition, not least because of the weakening industrial granches, geopolitical tensions and customs taxes. “The location is really serious and currently gets cocks: while the top American companies have recently become powerful and increasing their profit, the European companies are increasingly seeing themselves on the defensive,” he said.
The special power of Europe in the industrial sector is currently a major challenge. Because traditional industries such as the car industry are in an in -depth change. The chaotic American customs policy comes to the absolute wrong in this mixture. This leads to further financial burdens and enormous uncertainty.
Digital superiority: Europe misses the connection
At the same time, American technology companies dominate. There are none from Europe among the ten most profitable stock market companies in the world. Seven, on the other hand, come from the US, including Apple, the Google Group Alphabet, the Microsoft software giant and the Nvidia chip group. Brorhilker said that this market force had little to prevent this market power. Very few European companies played in the Top League environment in the technology area.
The weak line -up appears to be an extra inhibitory inhibiting: “Although industrial companies are massively suffering from rates and trade limitations and disturbed supply chains, digital companies record record profits and they can invest billions in innovations,” says Brorhilker.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
