Amsterdam stock exchange firms see collective revenue fall of 3.5% in first half of year
Companies listed on the Amsterdam stock exchange, known as the Damrak, reported weaker results in the first half of the year, with both revenue and profit declining, according to an analysis of financial statements by Het Financieele Dagblad.
The listed firms collectively saw revenue fall by 3.5 percent, while overall profits also shrank, weighed down particularly by oil and gas giant Shell.
The slowdown occurred during a six-month period marked by heightened trade war tensions, which disrupted business performance across various sectors.
The FD analysis showed that the largest Amsterdam-listed companies faced faltering growth as demand softened, with Shell’s performance reportedly exerting a significant drag on aggregate results.
The earnings on the Damrak mirrored wider European trends. Aegon Asset Management calculated that between April and June, companies in the MSCI Europe index — which includes the continent’s largest firms — recorded no profit growth at all. Energy companies and car manufacturers were major contributors to this stagnation.
Among the European companies struggling. French luxury group LVMH and Danish pharmaceutical company Novo Nordisk both posted weaker-than-anticipated results, adding to investor concerns.
