Today $MC (-1.63%) published its figures for the fourth quarter - and surprisingly performed better than expected.
Turnover (expected): € 22.2 billion
Turnover (reported): € 22.7 billion
EPS (expected): € 21.40
EPS (reported): € 21.85
Despite the positive sales trend, there was a decline in operating profit of around 9%, which is primarily attributable to negative currency effects, higher costs and geopolitical burdens.
On a positive note, business in Asia, particularly in China, is showing signs of recovery. Local sales increased again in the quarter. This is a sign of hope after prolonged declines there.
How do you assess the current development? Do you see the latest development more as a short breather or are we seeing a turnaround, especially with the developments in China?
