Operating results generated by large companies amounted to 4.2 billion euro in the second quarter of 2009, the lowest level since the survey was set up in 2005. The results have dropped by over 50 percent relative to one year ago. Manufacturing companies largely account for the deterioration.
Operating results large companies
Operating results manufacturing industry under pressure
The sector manufacturing industry accounts for more than half of the poor results generated by large companies in the second quarter of 2009. Many of these companies suffer from the effects of low oil and gas prices. Companies engaged oil and gas extraction and the distribution of electricity and natural gas performed poorly compared to the second quarter of 2008. They are also affected by low oil and gas prices. Companies engaged in trade and repair of consumer articles also achieved poor results relative to last year.
Share large companies with positive operating results
Fewer companies in the red
Operating results of large companies dipped to a record low in the second quarter of 2009, but the number of large companies presenting negative results declined in comparison to the previous quarter. In 2007 and the three subsequent quarters, an average of 80 percent of companies realised positive results. In the fourth quarter of 2008 and the first quarter of 2009, the number dropped to 70 percent. In the second quarter of 2009, the number of companies in the red gradually started to decline. Three quarters of companies managed to achieve positive results.