K&H: Family companies are on a moderate growth path

The biggest problem for family companies is clearly the increased costs, but a significant part of them compensates for the difficulties caused by inflation by raising prices. As a result of the challenges, 6 out of 10 companies expect a moderate growth path in the next 3-5 years. In this difficult situation, it is even more important to value setting an example, which is why the K&H family companies’ excellence award recognizes companies that apply best practices in the fields of successful generational change, innovation, long-term strategy, and social and environmental responsibility.

More than half of family companies, 53 percent, are more severely affected by the current economic environment than the epidemic 2 years ago. Another 23 percent cannot distinguish between the two situations, as it has an equally negative effect on their operations. Looking at the entire large corporate sector, we get a slightly more gloomy picture: here, 62 percent of companies experience the current economic situation as a greater challenge, and another 17 percent see the two periods as equally difficult – it was revealed from the K&H family companies research, which examines the one-year expectations of family companies .