DAX Companies Report Significant Profit Decline

Germany's top firms see profits fall 8.5% amid auto industry struggles, despite overall revenue growth.

Profit before taxes for the 40 companies listed on the DAX fell by 8.5% to approximately €35.9 billion in the third quarter.
The automotive sector experienced a dramatic 45% drop in profits compared to the same period last year, revealing underlying structural issues.
Despite profit declines, overall revenue for DAX companies rose slightly by 1% to €438.5 billion, driven by strong performance in North America.
Companies like Allianz, SAP, and Rheinmetall showed significant gains, with Deutsche Telekom achieving the highest quarterly profit of €6.1 billion.
Siemens Energy and Bayer reported operational losses, contrasting with the broader trend of revenue growth among DAX firms.