Increasing Negative FX Impacts to European Corporations Continues in Q4 2017
Largest Negative FX Impact Since Q3 2015 Reported by European Multinationals
(SCOTTSDALE, Ariz.) – The release of the Q4 2017 FiREapps Currency Impact Report™ (CIR) depicts $6.79 billion in negative FX impacts to European companies – up more than $2.5 billion from Q3 2017.
The number of European companies reporting negative currency impact has continued to increase proportionately to the increase in quantified negative impacts.
North American and European companies reported a collective $7.83 billion in losses this quarter, with 15 North American multinationals quantifying $1.04 billion in FX impacts and 35 European multinationals quantifying a loss of $6.79 billion.
Q4 2017 was another quarter of low negative FX impacts reported by North American companies, however this quarter did see a slight increase of roughly $30 million in negative currency impacts as compared to the previous quarter. Additionally, as impacts have remained low the number of North American companies reporting impacts has decreased as well, with only 40 reporting impacts in Q4 2017, as compared to 245 that reported in Q4 2016.
Additionally, earnings per share (EPS) impact reported by North American companies stayed at $0.03, continuing to hover around the $0.03-$0.04 mark as it has for the previous five quarters.
Each quarter, FiREapps analyzes the earnings calls of more than 1,200 publicly traded North American and European companies to collect data on the negative impact and volatility of various currencies. The FiREapps Q4 2017 Currency Impact Report can be used as a benchmarking tool for corporate boards and CFOs to gauge their company’s currency impacts in comparison to other multinational corporates.
Download the full report here.
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FiREapps is the leading provider of corporate currency analytics and FX exposure management technologies. Established in 2005, FiREapps developed the first solution to automate foreign exchange exposure management for multinational companies. Through a combination of software solutions and expert analysis, FiREapps helps companies ensure they’re accurately measuring and managing their FX exposures. Numerous Fortune 500 companies rely on FiREapps technology to help them reduce FX risk and increase efficiency every day.
FiREapps is headquartered in Scottsdale, Arizona, with offices in Portland, London and Frankfurt.
For more information, visit www.fireapps.com or call +1 866-928-FIRE (3473).