North American Companies Report Q3 Headwinds 12x Greater Than Q2
(SCOTTSDALE, Ariz.) – European and North American companies reported $15.61 billion in quantified negative currency impacts, according to the Q3 2018 FiREapps Currency Impact Report™ (CIR).
North American companies quantified $11.81 billion in negative currency impacts, an increase of nearly $10.8 billion as compared to Q2 2018. The average EPS impact reported by North American companies was $0.04, four times higher than the industry standard MBO of less than $0.01 EPS impact.
European companies reported a quantified $3.8 billion in negative currency impacts, continuing a pattern of decreasing currency impacts after sustaining a staggering $22.89 billion in headwinds in Q1 2018. The number of European companies reporting impacts decreased by 39 percent.
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 Q3 2018 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.
To learn about specific industries that were affected and which currencies were most impactful to corporations, download the full report here.
For media inquiries, contact Angie Schuster at +1 (480) 443-7333 Ext. 167 or by email at firstname.lastname@example.org.
FiREapps is the leading provider of cloud-based enterprise currency management (ECM) solutions for currency exposure management and enterprise currency analytics. Established in 2005, FiREapps developed the first solution to automate foreign exchange exposure management for multinational companies. Today, the company provides automated solutions to support the analysis and management of currency exposure, as well as the assessment and reporting of how currencies can impact corporate financial performance.
FiREapps is headquartered in Scottsdale, Arizona, with offices in Portland and Frankfurt.
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