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2022/11/04 / Erste Group Research

Aktien: Wachstumsaussichten 2023 trüben sich ein


Der globalen Aktienmarktindex notierte in der letzten Woche in EUR unverändert. Der S&P 500 gab in EUR um -0,3% nach, der Stoxx 600 stieg um +0,8%. Der Nikkei 225 wies mit einem Anstieg in EUR um +1,5% eine signifikante Outperformance auf.

Im nächsten Jahr sollten die Umsätze der europäischen Firmen um -1,6% (j/j) sinken und die Gewinne um -5,2% (j/j). Durch die negativen Wachstumsaussichten europäischer Unternehmen ist die Aktienmarktbewertung gemäß dem KGV 2023e mit 12,1x unter dem langjährigen Durchschnitt.

Ausblick: In der nächsten Woche berichten vor allem zahlreiche europäische Firmen wie Amadeus IT Group, Ryanair, Bayer, Deutsche Post, Adidas, Allianz und Deutsche Telekom über die Ergebnisse des 3Q. Wir erwarten, dass der globale Aktienmarktindex in der nächsten Woche leicht ansteigen wird.

Aktien Österreich: Der ATX legte in dieser Woche weiter zu und überspringt heute, wie es aussieht, die 3.000-Punkte-Marke. Für kräftigen Rückenwind sorgen heute die positiv aufgenommenen Quartalszahlen von Erste Group und Andritz. Diese Woche am stärksten gesucht waren die Ölwerte OMV und SBO dank steigender Ölpreise sowie bei OMV dank der angekündigten Sonderdividende. Diese Woche berichteten zahlreiche österreichische Unternehmen.

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General information

AuthorErste Group Research
Date2022/11/04
Languagede
Product nameEquity Weekly
Topic in focusEquities
Economy in focusAustria
Currency in focusEuro
Sector in focusBanks, Basic Resources, Chemicals, Industrial Goods & Services, Technology, Utilities
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Erste Group related products

Name  ISIN# Erste Group products
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ams OSRAMAT0000A18XM45
AndritzAT000073000767
AT&SAT000096998567
LenzingAT000064450577
Mayr-MelnhofAT000093820418
RBIAT000060630676
VerbundAT000074640994



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