Earnings before interest and taxes
(EBIT) saw a significant decrease in Europe during the worldwide economic crisis. Germany and France recovered faster and more sustainably than their southern neighbors, Italy and Spain. The underlying problems, such as high debts and a collapsed banking system, were significantly more severe in those economies. The profitability of Spanish companies increased after the debt crisis fizzled out, and economic reforms led to the return of higher EBIT rates. However, Spain’s EBIT is still lower than pre-crisis levels but high compared to other European countries.
This statistic and many more can be found in Statista's European financial KPI and cost benchmark