Companies with a turnover of less than 100,000 Euro per year have felt more brutally the effects of the pandemic last year, half of the managers considering that their own companies are affected by Covid-19, and business decline is, in this case, of 20 percent in Q4/2020 compared to Q2/2020, according to CONFIDEX Q4 2020 results made public by Impetum Group. Moreover, the increase in turnover, estimated for 2021 as compared to 2020 is by around 5 times smaller in the case of small companies, as compared to major players (1 percent vs. 5 percent).
Therefore, managers of small companies perceive more acutely the impact of the crisis generated by the pandemic and have a lower average mood indicator than those in larger companies: 4.6 versus 4.9. The difference in terms of profit decline in Q4/2020 vs. Q2/2020 is enlightening in this regard: minus 22 percent for small companies and only 12 percent for large companies. Moreover, the profit is expected to continue to fall for smaller players, by 4 percent in 2021, while large companies already estimate growth for this year.