DAX companies versus US tech giants

Published on: September 9, 2018 / Update from: September 9, 2018 - Author: Konrad Wolfenstein

Compared to the digital champions of the USA, the creme de la creme of the German economy looks pretty puny. This is also shown by a comparison made in Gabor Steingart's morning briefing based on data from the Handelsblatt Research Institute. Google, for example, had around 80,000 employees in 2017 and each of these employees earned an average profit of 140,000 euros. In contrast, Daimler, number two in the German leading index (measured by sales) behind Volkswagen: 289,000 employees and a profit of 36,000 euros per employee. The situation is similar with the other comparisons – Apple vs. Bayer and Facebook vs. Deutsche Bank. Now it could certainly be argued that apples and oranges are being compared due to the very different business areas, but one thing applies to both groups of three: This is the old economy (cars, chemicals, finance) and the new economy (smartphones, search engines, social networks). opposite. And the latter undeniably performs significantly better.

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