Mining and education lead with highest profit margin growth between 2019 and 2023

The Mining and Quarrying sector, dominated by state-owned companies, saw an 11% margin increase between 2019 and 2023, according to an analysis carried out by Credit Agricole experts. Credit Agricole analysts stated that the increase in profit margins in the mining industry were the "product of a significant increase in negotiating power of these entities under the conditions of an energy crisis."

Education sector ranked first in margin growth (11.7%) due to the rise of remote learning reducing costs. The agricultural sector also experienced a significant increase in profitability, with a 9.4% margin growth. Agricultural producers benefited from the market boom in agricultural commodities, further fueled by the conflict in Ukraine, the experts stated.

The Wholesale and Retail Trade sector had a relatively modest margin growth of 2.3% compared to the first quarter of 2019.

Source: money.pl