DAX PERFORMANCE

Sun Shines on German Equities

SunCloudsDPA-Picture Alliance-Patrick Frischknecht
A glimmer of hope for the blue-chip DAX? Patrick Frischknecht / DPA / Picture Alliance
  • Why it matters

    Why it matters

    Despite a gloomy global economic outlook,many German companies have found a silver lining in the United States and parts of Europe.

  • Facts

    Facts

    • Of the 30 DAX-listed companies, 20 managed to increase their revenues in 2015.
    • Eight DAX companies achieved record earnings in 2015, and another seven were within striking distance of their previous records.
    • Economic confidence has more than doubled among 75 German companies surveyed in a global poll.
  • Audio

    Audio

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The sky hasn’t fallen in Germany. Contrary to dire predictions of a downward spiral this year, most of the country’s blue-chip DAX companies have proven resilient in the face of global economic turbulence.

And many are optimistic about their prospects for the remainder of 2016, despite the collapse in global energy prices, the slowdown in China and recessions in Brazil and Russia.

A global survey by the audit firm Warth & Klein Grant Thornton found that economic confidence has more than doubled among 75 large German companies since the final quarter of 2015.

“The China shock during the winter apparently hasn’t impacted orders as much as feared,” Joachim Riese, the chief executive of Wart & Klein, told Handelsblatt.

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