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D&B: companies remain concerned about their financial health


2011-02-18



Only 46% of companies in Poland describe their financial condition as good or very good, and the statistics have improved only marginally since last year, according to a survey of 270,000 firms by Dun & Bradstreet (D&B), the global supplier of business information.

The report shows that 54% of companies report bad or very bad financial situation, broadly the same as last year. The number of those describing their situation as “very bad” declined by 1 point, and the share of those calling it “good” edged up by a similar margin. However, among large firms (i.e. those employing 250+ people), the share of companies reporting “very bad” situation surged to 22% from 5%, and though the number of those in good or very good shape, at 70%, remained higher than in any other category, it was down by 9 points compared with a year ago. Among micro firms (employing between 1-9 people) it was 44%, up from 31% in March 2010.

There are major differences between specific sectors. Thus, 73% of clothing manufacturers say they are in bad shape, up by 2 points. In general construction the figure is 67%, up by three points; and in food production it is 61%, up by two. By contrast, in education and healthcare about 70% of companies say their condition is good and in grocery retailing the figure is 62%.



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