Big companies stepped on the brakes again

By: Trademagazin Date: 2022. 09. 23. 10:46

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The financial expectations of domestic companies have been on the decline since the end of last year. Sales expectations fell by 3 and profit expectations fell by 3.3 percentage points, so companies expect an average increase in sales of only 1 percent and a decrease in profit of 1.5 percent in the next one year. According to the K&H large company growth index. However, the size of the company and the range of activities greatly influence the expected financial results: the expectations of smaller companies and the service sector are more favorable.

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Large companies barely got over the pessimism caused by the coronavirus epidemic, and their financial expectations fell again. This is shown by the latest K&H large company growth index, which examines the expectations for the next 12 months of Hungarian companies with a turnover of over two billion forints every quarter.

“Based on the data for the second quarter, the companies expect a sales increase of only 1 percent, which is a spectacular drop compared to the 3-4 percent values typical of the past year. Companies were more pessimistic than this only 2 years ago, at the beginning of the coronavirus, when they expected a drop in income. In terms of profit, the estimates are even more cautious. The companies did not expect particularly high profit growth (1-2%) in the past year either, but now the indicator has turned negative, and they expect a 1.5 percent decrease in profit in the next year,”

Gábor Rajna, K&H Business Clients Division, detailed the results. its leader.

K&H