European profits rise to 20.8% aided by energy

The London Stock Exchange Group forecasts a 20.8% year-over-year increase in European corporate profits during the second quarter of 2026, primarily driven by a surge in energy sector earnings, which are expected to more than double compared to last year due to rising energy prices resulting from geopolitical tensions and supply disruptions. Meanwhile, other sectors are expected to grow by an average of 10.3%, with corporate revenues recovering by 11.7% after four consecutive quarters of decline. Eight out of ten sectors within the Stoxx 600 index are projected to see profit growth, notably basic materials, technology, and financial services, while sectors such as real estate, consumer goods, and healthcare are anticipated to perform relatively weakly during the earnings season. A total of 46 companies are expected to release their financial results this week, reflecting the strength of the European economy and companies' ability to maintain earnings momentum, while the impact of energy prices and geopolitical tensions on the European Central Bank's monetary policies remains a key point of watch.

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