财报季警报 关税与美元颓势重创全球企业营收

Core Viewpoint - The rising tariffs and weakening dollar are significantly impacting global corporate earnings expectations, with further damage anticipated in the coming quarters [1] Group 1: Currency Impact on Companies - The euro has reached a three-year low against the dollar, and the Swiss franc has hit a ten-year low, prompting alarm among European companies [1] - SAP, one of Europe's largest companies, highlighted that the weak dollar will adversely affect its mid-term profitability, with the impact becoming more pronounced as currency hedging measures expire next year [1] - Heineken, the Dutch brewing company, expects a revenue decrease of €1.72 billion due to the strengthening euro against various currencies [1] Group 2: Broader Industry Concerns - French diagnostics company bioMérieux and UK retailer WH Smith also emphasized currency risks in their earnings reports [1] - Florian Jell, head of macro research at Dragonback Capital, stated that European companies must recognize that their price competitiveness can no longer rely on a strong dollar [1]