What is the projected earnings growth for European blue-chip companies?

European blue-chip companies are expected to achieve their strongest earnings growth since the first quarter of 2023, with an average year-on-year increase of 10.2%.

Which sector is driving the surge in European corporate profits?

The energy sector is a major driver, with energy majors expected to report a breathtaking 48.4% growth in profits.

What is the earnings outlook for non-energy European companies?

Non-energy companies are also showing positive performance, with projections indicating a 5.7% year-on-year earnings increase.

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European Earnings Surge to Strongest Growth in Over a Year

7 May

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Summary

European blue-chip earnings are projected for their strongest growth since Q1 2023.
Energy majors' soaring profits are significantly boosting the overall average.
Non-energy companies still expect a healthy 5.7% year-on-year earnings increase.

European Earnings Surge to Strongest Growth in Over a Year

European blue-chip companies are on track for their most substantial earnings growth witnessed since the first quarter of 2023. The latest data indicates an average year-on-year increase of 10.2% for the first quarter.

This impressive growth is significantly influenced by a remarkable surge in profits reported by energy majors, who are collectively expected to see their earnings climb by an astounding 48.4%.

Even when excluding the outsized contributions from the energy sector, the broader non-energy companies within the STOXX 600 index are still projected to achieve a healthy 5.7% rise in earnings compared to the same period last year.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.