European profits rise for ninth week

European corporate earnings season data shows that profit growth continues for the ninth consecutive week, with a notable improvement outside the energy sector, which benefited extraordinarily from oil market disruptions related to the Iran-U.S. conflict. It is expected that companies listed on the Stoxx 600 index will see profits grow by 24.1%, with the energy sector's earnings soaring by 138.6%, while profits in other sectors are expected to increase by around 13.1%. However, revenue growth remains modest, with sales forecasted to rise by 11.2%, suggesting that increased profitability relies more on efficiency improvements and cost reductions than on increased demand. Challenges such as inflation and gas prices continue to pose risks that could impact the sustainability of this economic recovery.

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