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Naturally, the financial situation is tense, especially in the economic reports that have long suffered from Corona restrictions or continue to suffer. According to their own information in the DIHK survey, a good quarter of travel agents are threatened with bankruptcy.
Recovery especially in the area of leasing and rental
In the catering, accommodation and leisure industries, almost every fifth company is facing the end. In the hospitality industry, two out of three companies complain about falling equity, in the leisure industry it is every second.
Many company-related service providers from the areas of leasing and rental, trade fair and congress management, and management consultancy assess their financial situation better than they did at the beginning of the year. The recovery in the industry is making itself felt here. A good quarter of retailers still complain of liquidity bottlenecks and a third of a decline in equity.
The bigger the company, the fewer the financial problems
From a macroeconomic perspective, financial worries decrease with the size of the company. While only every second (48 percent) of the companies with fewer than 20 employees describe their own financial situation as unproblematic, in the case of companies with 200 to 1000 employees the figure is three out of four (76 percent). Smaller companies have more difficult access to debt capital and are more likely to experience bad debts than larger ones.
Of the respondents who see obstacles in the financing of their businesses, more than a third have problems providing collateral for the procurement of outside capital or raising their own share of the financing. Of the companies with a decline in equity, as many as 61 percent have difficulties with their own financing and 51 percent with the necessary collateral.
In the industrial sector, a quarter of companies that have increased their investment plans are still faced with a problematic financial situation. The high level of borrowed capital and the difficult access to borrowed capital in themselves are particularly stressful.
In addition to the steep rise in energy and raw material prices, this could “develop into an additional stumbling block for a sustainable economic upswing,” according to the survey.
More: Follow the latest developments in our news blog
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