One in fifteen European companies are facing significant pressure to restructure this year after being hit by higher financing costs and weakening consumer demand, with Germany, Austria and the Nordics particularly under strain, according to a report by Boston Consulting Group.
Around a third of businesses in Germany and Austria also face what BCG dubs transformation pressure or early signs of weakening performance and financial stability which require improvement, the consulting firm said in a presentation Monday. That compares with around 21% across Europe as a whole, an increase from 14% in 2023.
The company compiled financial information from more than 2,000 public companies in Europe, and drew on company statements and interview…
Read the full article at: https://fortune.com/europe/2024/06/03/one-in-fifteen-european-companies-face-restructuring-pressure-bcg/