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Chris Bryant Profile
Chris Bryant

@chrismbryant

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Berlin-based business columnist for Bloomberg Opinion. Love reading financial filings. Previously at FT. Now @opinion Likes = bookmarks

Berlin, Germany
Joined April 2009
Don't wanna be here? Send us removal request.
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@chrismbryant
Chris Bryant
3 years
Self-promotion alert! No, I haven't published a book. Instead, here's a way to get alerts for whenever I publish a new column. I write about business stuff but don't let that put you off. Companies are super-interesting! Happy reading :)
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@chrismbryant
Chris Bryant
9 months
Why are Germans so angry? Here's one answer: Germany is rich but Germans are poor.
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@chrismbryant
Chris Bryant
2 years
Won't someone spare a thought for the 1%? They're forced to hang out in crowded airport lounges and the free champagne is running out. Wonderful reporting here
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@chrismbryant
Chris Bryant
5 years
Welcome to Berlin, whose plan to deal with a housing shortage and soaring rents involves letting rich people pay less rent and scaring off people who build houses via @AndrewDBlackman @caro_winter
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@chrismbryant
Chris Bryant
9 months
The median German household has just €106,000 of net assets, far below the euro area median. Why? Most Germans don't own their own homes and only 1 in 6 invests in the stock market. So they benefited little from the cheap money era. And income taxes are high.
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@chrismbryant
Chris Bryant
9 months
Economic precarity makes Germans susceptible to fringe arguments that their living standards are threatened and the government is out of touch.
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@chrismbryant
Chris Bryant
9 months
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@chrismbryant
Chris Bryant
8 months
Thought heat pump sales were booming? Turns out they're falling, and heat pump manufacturers are having to cut jobs and/or production
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@chrismbryant
Chris Bryant
10 years
The German commentator said 'gott sei dank' when Brazil scored. This is a strange night.
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@chrismbryant
Chris Bryant
2 years
@SarahRapp Definition of a first-world problem is the 1% being forced to hang with the 2%. The horror indeed!
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@chrismbryant
Chris Bryant
2 years
Europe is great if you like croissants and long holidays, but the corporate landscape is dull. Think again. I found more than 50 companies worth more than $1 billion whose value multiplied by 10 in the past decade. A guide to Europe's ten-baggers🧵
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@chrismbryant
Chris Bryant
3 years
The German housing market is red hot. Is there a bubble forming in "concrete gold". And who'll get hurt if there is?🧵🧵🧵
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@chrismbryant
Chris Bryant
3 years
Here in Germany we have reached the Corona home test Multipack stage of the pandemic. This from my local drugstore cost me €60, or €3 ($3.40) for each test. Considering the test shortages in other countries, I'm thankful. (Ps not an endorsement of this particular brand)
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@chrismbryant
Chris Bryant
5 years
"When people can't afford to eat, the answer is not capped prices but more food".
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@chrismbryant
Chris Bryant
3 years
Tesla, Spacs, Meme stocks, Crypto, NFTs, Options trading: yep it's been a pretty bonkers year in the world of finance. Here's my review of 2021. Happy holidays.
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@chrismbryant
Chris Bryant
5 years
Good news: emissions from road transport will peak soon thanks to electrification, efficiency and alternative fuels. Bad news: in 2040 they could still be roughly where they are today #bnefsummit
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@chrismbryant
Chris Bryant
6 years
Some personal news: today I became a German citizen. (Also still a British citizen.) Danke Deutschland! :-)
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@chrismbryant
Chris Bryant
2 years
Another shocking week in European energy markets. This chart explains why there's now a discussion in Germany about only allowing the heating of individual rooms this winter. Grim.
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@chrismbryant
Chris Bryant
2 years
My latest is on the nascent revival of labor unions. Tight job markets and the soaring cost of living are fueling demands for higher pay and better working conditions on both sides of the Atlantic. 🧵
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@chrismbryant
Chris Bryant
2 years
🎵Oh Lord, won't you buy me a Mercedes-Benz? 🎵 Oh, and one more thing Lord. You'll need approximately 73,000 euros, or 43% more than in 2019. Thanks. $mbg
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@chrismbryant
Chris Bryant
2 years
And why's that? Because rental car operators sold cars during the pandemic. And now they can't rebuild fleets easily because automakers haven't built as many cars due to semiconductor shortages /4
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@chrismbryant
Chris Bryant
2 years
Following the death of Red Bull founder Dietrich Mateschitz, I tried to figure out what made the energy drinks company so incredibly successful. Not easy -- Red Bull is secretive! -- but here's a few highlights🧵
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@chrismbryant
Chris Bryant
3 years
There are now almost 850 unicorns in the startup world. That's a lot! I really hoped the collective noun for a big group of unicorns was a "bubble", but google tells me it's a "blessing". I guess we'll see whether it is.
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@chrismbryant
Chris Bryant
2 years
No, but really, how much will it cost? Here's an idea of daily pricing for this summer compared to 2019 /2
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@chrismbryant
Chris Bryant
3 years
@JoeMillerJr @SZ @rowohlt Well done! Kudos. You can even put it on the cover of the next edition. Angela Merkel: "I have read this book."
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@chrismbryant
Chris Bryant
2 years
Grill company $WEBR is getting smoked again. Re-heating this column which warned retail investors were playing with fire.
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@chrismbryant
Chris Bryant
5 years
peugeot shares -13%, Fiat +8% @hughes_chris tells you why
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@chrismbryant
Chris Bryant
3 years
An early bird catches the gate without the visitors.
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@chrismbryant
Chris Bryant
3 years
@TheStalwart Check out these profit margins. Insane!
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@chrismbryant
Chris Bryant
2 years
When in Bavaria, I do as @JavierBlas would do and visit the Isar nuclear power plant. What a beauty! Would be a shame to switch it off during an energy and climate crisis, wouldn't it?
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@chrismbryant
Chris Bryant
2 years
My latest column is about how little tax Europe's container shipping industry is paying on its absolutely mindboggling profits. 🧵
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@chrismbryant
Chris Bryant
10 years
Pinterest valued at $11bn. That's almost double German airline Lufthansa's market cap (€6.1bn). http://t.co/cpr6YrpfiV
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@chrismbryant
Chris Bryant
8 years
Amusing comment on on Lloyd's working hours drinking ban
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@chrismbryant
Chris Bryant
2 years
Scooter company Bird Global $BRDS drops an embarrassing accounting mess
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@chrismbryant
Chris Bryant
2 years
Astonishingly, ocean carriers could make HALF A TRILLION DOLLARS of operating profit in 2021-2022, according to Drewry
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@chrismbryant
Chris Bryant
8 years
I know it's Monday and accounting is pretty dry at the best of times. But I promise this is important.
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@chrismbryant
Chris Bryant
2 years
Of course, car rental firms don't mind too much because they stand to make big profits. Gains from selling high-priced used cars help too /6
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@chrismbryant
Chris Bryant
3 years
I normally write about business and finance stuff but my latest is on how we need to be nicer to each other. Sounds like a message you'd teach pre-school kids, but it's adults who've been behaving badly since the pandemic. We can do better.
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@chrismbryant
Chris Bryant
4 years
Here's my take from before about what's gone wrong at Hertz
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@chrismbryant
Chris Bryant
2 years
What recession? #Siemens raises full year guidance and sounds super confident. Here's one explanation: battery companies, EV and chipmakers are spending heaps. $SIE
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@chrismbryant
Chris Bryant
2 years
How come it's so expensive? Simple, travel is rebounding and there aren't enough cars. Globally there are around one fifth fewer rental cars available. The US is typical. /3
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@chrismbryant
Chris Bryant
3 years
Container shipping is going to need a bigger boat - to hold all the cash it's making. My latest is on U.S. stock market darling $Zim and an industry transformed by supply-chain upheaval into an astonishing money machine
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@chrismbryant
Chris Bryant
5 years
@AndrewDBlackman @caro_winter Seeing as this took off, I'll elaborate. The rent cap means people who live in some of the nicest areas of the city can now pay much less. The laws are most advantageous to people living in grand old apartments in Mitte. That seems wrong headed.
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@chrismbryant
Chris Bryant
2 years
Want to make a lot of money? Find a business model that lets you earn interest on client funds. Payroll processors, fintechs, online brokerages and travel groups are cashing in as interest rates rise. $wise $pypl $hood $adp $pcty $abnb
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@chrismbryant
Chris Bryant
2 years
What's your favorite, eyebrow-raising non-GAAP accounting metric? WeWork's community-adjusted ebitda was fun but there are plenty more out there. I'll start: how about "adjusted ebitda before user acquisition costs"?
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@chrismbryant
Chris Bryant
2 years
Another day, another scary jump in European gas prices
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@chrismbryant
Chris Bryant
5 years
One final point. Germany has much stronger tenants' rights than the UK and I think that it is a good thing.
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@chrismbryant
Chris Bryant
8 months
You thought things were bad, and now there's a CHOCOLATE CRISIS. @JavierBlas is here to ruin your Monday.
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@chrismbryant
Chris Bryant
2 years
EBITDARD is a new one for me too. Think it means EBITDA with R&D added back? Good moment to re-up this piece on non-Gaap numbers
@JulianKlymochko
Julian Klymochko
2 years
EBITDARD
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@chrismbryant
Chris Bryant
4 years
My latest on the Technokaiser, Germany's answer to Musk and Tesla.
@opinion
Bloomberg Opinion
4 years
Volkswagen's boss is adamant that the German giant can prevail in the electric-car race with Tesla. He may be right, says @chrismbryant
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@chrismbryant
Chris Bryant
3 years
Maersk now guiding for astonishing $19.8 billion operating profit (FY 2021), and $16.4 billion free cash flow. Good moment to re-up this from yesterday on the insane profits container shipping companies are making
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@chrismbryant
Chris Bryant
2 years
Rivian is teaming up with Mercedes-Benz to share the cost of making electric vans. Timely, as today's column is on the manufacturing challenges faced by newbie EV manufacturers like $RIVN $LCID
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@chrismbryant
Chris Bryant
4 years
Gorgeous autumn afternoon on the Pfaueninsel
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@chrismbryant
Chris Bryant
4 years
Carl Icahn has sold out of Hertz, taking a roughly $1.6 billion loss. Here's a reminder of why that investment went so very wrong and ended in the company's dramatic bankruptcy filing.
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@chrismbryant
Chris Bryant
11 years
Twinkind - a Berlin start-up - makes 3d-printed portrait figurines. Here's mine. Video here: http://t.co/3GqQELMjU0 http://t.co/1LdSNyTHWT
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@chrismbryant
Chris Bryant
2 years
Their vehicle allocation is also smaller. In the past, rentals accounted for 7%-12% of a manufacturer’s sales, but the rental proportion has shrunk to between 4% and 7% according to Europcar. /5
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@chrismbryant
Chris Bryant
12 years
#BMW and #Bosch are among German companies dealing with volatility by remaining as flexibile as possible. http://t.co/XYr74YVH
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@chrismbryant
Chris Bryant
2 years
No, it's not your imagination, many cities have too many electric scooters. My latest is on scooter companies' urgent battle to become profitable. $brds
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@chrismbryant
Chris Bryant
4 years
Broadcasting from my kid's bedroom :)
@bbgoriginals
Bloomberg Originals
4 years
Flying was miserable before the pandemic arrived. New hygiene and health measures could make it worse, says @chrismbryant
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@chrismbryant
Chris Bryant
5 years
"Today, the UK’s per capita CO2 emissions are almost 40 per cent lower than Germany’s, the country that “progressive” Britons almost reflexively assume does everything “better than us.” @adam_tooze
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@chrismbryant
Chris Bryant
5 years
Berlin needs to build more but the rent regulations will probably lead to the opposite. And instead of renting out apartments, some landlords will decide to sell. So the stock of rental apartments could shrink.
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@chrismbryant
Chris Bryant
2 years
This is a challenge lots of tech companies are facing. Stock-based compensation, or SBC, acts as a tailwind while shares prices are increasing but can hamper employee retention and threaten cash flow when share prices collapse (2/2)
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@chrismbryant
Chris Bryant
2 years
I'm basically here for the Berlin Regenbogen pics today. This is my fave so far.
@FliednerB
Fliedner Klinik Berlin
2 years
Das neue Jahr begrüßt uns mit einem Fensterblick der Extraklasse: Zwei #Regenbogen über dem #Gendarmenmarkt . Schöner könnte die Aussicht auf 2023 nicht sein. Die Fliedner Klinik Berlin wünscht allen ein #frohesneues Jahr! #happynewyear
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@chrismbryant
Chris Bryant
7 years
Frankfurt is "a bit boring, a bit dull. But then, so are many bankers". ” via @StevenArons
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@chrismbryant
Chris Bryant
3 years
Good morning...
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@chrismbryant
Chris Bryant
2 years
@aggichristiane Berlin - where the winter choices are frostbite or depression.
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@chrismbryant
Chris Bryant
2 years
Besides paying out dividends, carriers are buying lots of STUFF, including aircraft! Some, like Maersk, are positioning themselves to become integrated logistics companies i.e. more like Amazon than a plain old shipping group. Here's just some of the companies they've bought
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@chrismbryant
Chris Bryant
2 years
$31 billion?!! I've said it many times before but these shipping windfall profits aren't a good look. Would help if some of these companies paid more taxes.
@Maersk
Maersk
2 years
Maersk trading update for Q2 and full-year 2022 will exceed our previous guidance, now reporting an underlying EBITDA of around USD 37bn and an underlying EBIT of around USD 31bn, based on a gradual normalisation in Ocean in Q4 2022. Full announcement here
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@chrismbryant
Chris Bryant
2 years
Airbnb not kidding about prioritizing affordability. Good.
@bchesky
Brian Chesky
2 years
I’ve heard you loud and clear—you feel like prices aren’t transparent and checkout tasks are a pain. That’s why we’re making 4 changes: 1. Starting next month, you’ll be able to see the total price you're paying up front.
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@chrismbryant
Chris Bryant
3 years
We all need cheering up. Nice one, Berlin.
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@chrismbryant
Chris Bryant
3 years
Does society owe young people for their Covid sacrifice, as @b_judah proposed? Perhaps not directly. But we should certainly do more to help younger generations who are falling behind financially. Here's one way.
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@chrismbryant
Chris Bryant
3 years
My latest on Cristiano Ronaldo and Lewis Hamilton. OK, so it's mostly about a German software company called TeamViewer. But it also features a €5.5 billion payday for Permira and some big executive bonuses. So plenty going on. $tmw
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@chrismbryant
Chris Bryant
2 years
Furthermore, the Biden administration and other governments worried about ocean carriers' market power will be keeping a close watch. Arguably shipping companies are plenty big enough already.
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@chrismbryant
Chris Bryant
5 years
Explaining capitalism to a 3 year old is hard. "I have to work now so we can eat ice cream later" is the best I've got.
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@chrismbryant
Chris Bryant
2 years
My advice is to check car-rental rates before you book a plane ticket and consider public transportation or an Uber for your summer vacation. /8
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@chrismbryant
Chris Bryant
5 years
Seems like an good moment to repost this piece on why CEOs really don't need enormous pensions
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@chrismbryant
Chris Bryant
5 years
Quelle surprise!
@RobVerdonck
Rob Verdonck
5 years
EDF raises cost of flagship U.K. nuclear project Hinkley Point C, warns of delay via @business
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@chrismbryant
Chris Bryant
4 years
Richard Branson's SPAC, $VGAC, briefly dipped below $10 this week. Here's why the 23andme deal hasn't had the warm reception he'll have been hoping for.
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@chrismbryant
Chris Bryant
4 years
Norwegian Air Shuttle introduced a generation of travelers to $65 one-way transatlantic flights. Here's what went wrong via @bopinion
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@chrismbryant
Chris Bryant
2 years
30% of $ABNB's pretax profit came from interest income in Q4. It pays to have lots of (customer) cash in a high interest rate environment
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@chrismbryant
Chris Bryant
2 years
That's because while freight rates are down from their peak, they remain very high compared to before the pandemic and the container lines are cashing in.
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