ERICA WG has published its document: "European non-financial listed groups: Analysis of 2021 data"

The study presents some highlights of European non-financial listed groups, on profitability and financial structure in 2021, as well as financial debt structure and cost of debt. One of the main findings of the study is that EBIT, profits and revenues showed a clear recovery across all countries, sectors, and size classes after the pandemic caused heavy cutback in 2020. Mainly boosted by profits and thus retained earnings, equity rebounded after the pandemic hit. Both the indebtedness of European listed groups and the cost of financial debt continued their downward trend in 2021.