The Misconception that “German SMEs are performing better than French ones”

​German Small and Medium Enterprises (SMEs) contribute to an impressive export engine. There are 300,000 exporters in Germany, 125,000 in France.

But the financial strength of these companies is a bit counterintuitive. Profit margins stand at 3.1% in France and only 2% among German SMEs. The return on capital employed is 22.4% for French SMEs, and 15.3% for German ones.​