Strong 2025 results and a good start to 2026 drive more optimistic language in earnings calls, despite a challenging environment

Executives report good profits and efficiency gains, even as the weak US dollar causes headwinds

Language used in earnings calls points to more optimistic outlook for the new year

Strong third quarter results fuel optimism among top executives of listed companies in Germany

Companies in Germany expect economic impact from fiscal standoff / SAFE Manager Sentiment Index remains neutral overall

Listed companies in Germany navigate demanding environment but some react positively to the economic stimulus package

SAFE Index falls, US tariffs weigh on second-quarter results

SAFE Index is almost unchanged; effects of restructuring measures paint a more positive picture for the future

Executives of listed companies in Germany are increasingly cautious in their outlook

SAFE analysis shows growing caution in earnings calls and continued concern over trade tensions