EU Industrial R&D Investment Scoreboards 2011

Operating profits growthCompanies showed a remarkable recovery in terms of profits across all regionsand sectors (following the strong losses reported last year). The medium-highR&D-intensive sector presents the best results for most regions, well above therespective region average, e.g. 214.5 % for the EU companies and 627.4% forthe Japanese ones. The high R&D-intensive sector is the second best in termsof operating profits and above the average for Japanese companies. MediumlowR&D-intensive companies showed growth in operating profits well below theaverage in each region.Capital expenditures growthEU companies showed growth of capital expenditures positive and above theEU average in high, medium-high and medium-low R&D intensive sectors and adecrease in low R&D-intensive ones (-1.1%). For US companies capitalexpenditures increased strongly in high (21.5%) and medium-low (18.0%)sectors. Based on the data referring to an earlier period, Japanese companieshad negative capital expenditures growth in all sectors, especially in mediumhigh(-31.7%) and high (-28.7%) sectors. For companies in the OC group,capital expenditures grew significantly in high (59.9%) and medium-high(39.2%) sectors.Figure 7 shows the growth rates over the last 3 years of R&D, net sales andoperating profits by sector groups for the specific EU/US comparison.36The 2011 EU Industrial R&D Investment Scoreboard