Daily Management Review

EY: US companies are more profitable than European concerns


05/15/2017


Profitability indicators of American concerns are higher than those of their competitors from Europe. These are the results of a study of audit and consulting company EY.



pixabay
pixabay
The total revenue of 300 public European companies for the past year amounted to 6.7 trillion euros, and operating profit - 576 billion euros. The total income of 300 American concerns, whose shares are traded on the exchange, for 2016 are estimated at 8.4 trillion euros. Total profit at the same time reached 970 billion euros.

"American companies have a significant competitive advantage in terms of profits, and the distance between Europe and the States increased again last year," said Mathieu Meyer, a spokesman for EY. On average, Americans were 30% more profitable compared to their competitors from the Old World.

Apple is ahead of the whole planet. No other leading company in Europe and the US does not earn as much as the manufacturer of iPhones. According to EY experts, the operating profit of the concern for the past year amounted to almost 57 billion euros, which is comparable to the total income from the core business of the five leading European companies.

EY experts believe that the advantage of American companies lies in the fact that they occupy a significant share in the national market and are represented in various industries. In addition, they focus on technology and services. In Europe, automotive and energy concerns are dominating.

According to the EY forecast, Europeans may well catch up with their American counterparts in terms of profitability this year. "The low euro exchange rate will give a strong impetus to European enterprises, especially those which are actively engaged in business outside Europe," EY states. 

source: augsburger-allgemeine.de






Science & Technology

Data Can Help You Make ‘Healthier Lifestyle Choices’

Motorola’s New Patent Will Self-Heal A Cracked Smartphone Screen

Auto Parts Out Of Wood Is What Japan Is Looking At Making

Security Firm Claims Hotel Guests Across Europe Were Targeted By Russia-Linked Hackers

World’s First Genetically-Modified Animal To Enter Food Supply Is Salmon

In The Future, UBS Analyst Says, Multiple Planes Could Be Operated From The Ground By Today’s Pilots

Will Germany save diesel?

How China became a pioneer of the solar industry

CNBC: Intel leaves the wearable gadgets market

Oculus Rift falls in price…again

World Politics

World & Politics

Rivalry Between Two Nuclear Giants Just Cranked Up By Trump

Ten most technologically advanced countries in the world

China counts losses from sanctions against the DPRK

OCP Group Vs South African Courts: A storm is brewing on international maritime trade

Britain to conduct a study on labor migration after Brexit

CNN: Rex Tillerson may leave the post of US Secretary of State

Its South China Sea Territory Being Protected By Indonesia From 'Foreign' Threats

A Swarm-Like Attack From North Korea Could ‘Overwhelm’ South Korea's THAAD Missile Shield