Investors should be prepared for a new round of profit warnings because of the deteriorating economic climate in Europe, the Financieele Dagblad says on Thursday.

The paper bases its claims on its own research among asset managers and analysts.
The paper says share prices have fallen more sharply than analysts’ profit forecasts in the third quarter. Listed companies will begin reporting their third quarter figures on October 12.
Cyclical
In particular, cyclical companies such as staffing agencies, IT groups, construction firms and manufacturing may have to lower their forecasts, the paper says.
‘Most companies are now preparing themselves for a period of low growth, perhaps even recession,’ Dave Dudding of asset manager Threadneedle told the paper. ‘We could be in for profit warnings but the share price reactions may be okay because prices are already low.’
The share price of big and medium-sized listed companies have fallen by an average 27% since the beginning of the third quarter, the paper says.