How crisis-resistant are Germany’s corporations?

Dusseldorf The 100 Dax and MDax companies earned almost 130 billion euros net in 2022. That is only ten billion euros less than in the previous record year. Most companies are also well prepared when it comes to other important balance sheet ratios such as cash flow or debt. This is shown by the Handelsblatt stress test, a comprehensive analysis of corporate balance sheets.

In the face of global crises, sharp rises in energy prices and interest rates, companies have taken precautions. The cash flow, i.e. the liquidity of the companies, rose to a record high of 224 billion euros. That is 77 billion euros more than in 2019, the boom year before the start of the corona pandemic.

The car manufacturers have increased their financial strength particularly strongly. But Post, Eon and Infineon also more than doubled their cash flow.