1、the stateof the industrialgoods sector2024Value growth,mixed realities,and concerns about EuropeEurope EditionTABLE OFCONTENTSIntroduction310 Key findings4State of the industry5Focus topic:Ensuringinternational competitiveness23Methodology33Overview of sector development5What keeps CEOs up at night?

2、16Positive sector outlook with high analyst confidence213Welcome to our 2024 State of the Industrial Goods Sector report.“Hot and cold,”a quote from one of the CEO interviews that complemented our methodology this year,was a strong contender in our internal debate for the best title for this years i

3、ssue.Indeed,the data and interviews reveal mixed messages,with different realities emerging depending on whether a company benefits from global megatrends like electrification and digitization,its exposure to recessionary pressure due to the inherent cyclicality of a business,and factors such as siz

4、e,global diversification,and specific country risks.While there is some dampening of the mood in the industry,the quantitative overall development could hardly be better:Valuations of Europe-based industrial goods companies are up by more than 25%year-on-year,with main value drivers like revenue up

5、7%(but beware inflation!)and profitability increasing by 1 percentage point.And analyst recommendations which are largely based on expectations for the future are at an all-time high.These topics,along with the top challenges and opportunities that keep CEOs up at night,are analyzed in Part 1 of our

6、 report.Weve enhanced this section with an AI-based analysis of the shareholder letters from the annual reports of our European company sample.And we have included a company ranking that highlights the top value creators of the year led by,guess who?In Part 2 of the report,we take a deeperlook at ho