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2023/01/09 / Erste Group Research

Europäische Aktien im Aufschwung

Empfehlungsänderungen: AstraZeneca, Siemens, Albemarle Corp, Intuit, United Parcel Service

Der europäische Aktienmarkt profitiert derzeit vor allem von den gesunkenen Energiepreisen und seiner niedrigen Bewertung. Der starke Rückgang des Erdgaspreises ist sehr vorteilhaft vor allem für den europäischen Industriesektor. Auch die Bewertung europäischer Aktien begünstigt den aktuellen Anstieg der Indizes. Gemäß KGV 2023e, das 12,9x beträgt, sind europäische Aktien weit unter ihrem historischen Durchschnitt bewertet.

Für das vierte Quartal 2022 wird für europäische Aktien im Jahresvergleich ein Gewinnanstieg um +15% erwartet. Die Umsätze sollte um +7% (j/j) ansteigen. In den darauf folgenden Quartalen wird das Gewinnwachstum dann sinken (1Q 2023e: +5%). Ab dem 2Q 2023 wird es für 2 Quartale negativ bleiben, bevor wieder Gewinnzuwächse erzielt werden.

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General information

AuthorErste Group Research
Product nameEmpfehlungsliste
Topic in focusEquities
Economy in focusEurozone, Germany, United States
Currency in focusEuro, US Dollar
Sector in focusAutomobiles & Parts, Banks, Basic Resources, Chemicals, Construction & Material, Financial Services, Food & Beverage, Health Care, Industrial Goods & Services, Insurance, Media, Oil & Gas, Personal & Household Goods, Retail, Technology, Telecommunications, Travel & Leisure, Utilities

Erste Group related products

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3M CompanyUS88579Y10100
ABB CH00122217160
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Amadeus IT GroupES01090670190
Anheuser Busch InbevBE09742932510
Bank of America US06050510461
Bayer DE000BAY001726
BHP GroupGB00BH0P3Z910


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