Part 6/9:
The impact of the euro’s rise is markedly pronounced in several sectors. For example, SAP, a leading German software company, indicated that each 1 cent increase in the euro's value relative to the dollar could decrease its revenues by €30 million. Other notable companies like HelloFresh and Heineken have similarly projected significant losses due to the currency's appreciation.
Additionally, the automotive sector, a critical component of the EU's export economy, is particularly vulnerable. European car manufacturers are already grappling with significant competition and internal pressures, leading to a decline in stock within the European Auto and Parts Stock Index.