The Handelsblatt has filtered out the companies from the Dax and MDax for which analysts have raised the profit forecasts for the full year the most due to high orders, strong results at the beginning of the year and good prospects.
(Photo: REUTERS)
Dusseldorf Higher prices drive up interest rates, and companies’ borrowing costs rise. The economy is also slowing down. Germany has slipped into recession and gross domestic product has shrunk for two quarters in a row. “2023 will be a difficult year,” says Henrik Ahlers, Germany head of the management consultancy EY.
But this does not apply to the economy as a whole. The Handelsblatt has filtered out the companies from the Dax and MDax with a total of 100 companies for which analysts have raised the profit forecasts for the full year the most due to high orders, strong results at the beginning of the year and good prospects.
For all six groups portrayed, the profit estimates have increased by more than 20 percent since January, and by more than 100 percent for one company. That makes stocks interesting.
Siemens: Profit estimates increase by two billion euros
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