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European firms sustain sales momentum as prices offset costs.
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- Abstract:
The article focuses on sales by Europe's major companies has surged across the board in the third quarter, with sustained momentum from the continued recovery in market demand this year also boosting earnings despite spiralling raw material, supply-chain, and energy costs. Topics include the majority were able to offset rising costs through hikes in their average selling prices ranging from 9% to 36% year over year (YOY), and the most has recorded net profits that largely beat consensus.
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