How German car companies and other sectors of the economy thrived and dealt with financial challenges.

How German car companies and other sectors of the economy thrived and dealt with financial challenges.

According to a report by www.sueddeutsche.de, a current evaluation by auditors and consultants from EY shows that the German car companies Volkswagen, Mercedes and BMW continue to record high sales and pre-tax profits despite the state subsidy for electric cars. In contrast, the total sales of all companies examined were reduced by around nine percent, but the companies' combined pre-tax profit rose by almost a third to a good 135 billion euros in the first three quarters - a record value. Despite this positive development, there are signs of uneven distribution of growth across sectors. While the retail and telecommunications sectors grew by a third or more, the increase in the automotive industry remained comparatively small at ten percent. There were also declines in sales and profits in other sectors such as logistics, healthcare and the chemical industry. EY Germany boss Henrik Ahlers therefore expressed skepticism for the coming year and warned of increasing headwinds for companies.

This development can also have an impact on the market and the financial industry. An uneven distribution of growth could lead to uncertainty, especially as industries struggle with declining sales and profits due to various factors. This could lead to investors and financial service providers adjusting their strategies and reallocating their investments. In addition, the tense situation in some sectors may pose a challenge to the country's economic stability. Companies may face difficult decisions such as cost cutting, restructuring or other measures to adapt to changing market conditions and remain competitive.

However, the positive development of companies such as the chip company Infineon, which recorded high operating profits despite declining overall sales, shows that certain companies are successful despite the challenges. This suggests that companies that are adaptable and invest in areas that are future-proof can continue to have good prospects.

However, it remains to be seen how the economic situation and the development of the various sectors will develop in the coming months, especially in view of the increasing uncertainties and challenges.