Despite robust growth figures for the German economy, 42 companies listed on the Frankfurt Stock Exchange have had to revise down their business forecasts for the first six months of 2018.
The information was in a report by multinational accountancy firm EY released on Thursday.
The figure was the highest number of downward revisions for a half-year since EY started issuing the study in 2011.
In the first half of 2017, only 29 German-listed companies had made the move.
The number of companies that revised their forecasts upwards fell from 106 to 42 over the same period.
"In the last few months, firms that primarily compete strongly internationally and are engaged abroad have had problems in achieving the targets they have set themselves," EY expert Martin Steinbach said.
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