Only 26% of companies reported significantly lower profits, which is similar to the 2021 level.
Instead, the number of companies reporting turnovers or profits similar with the levels recorded at end-2021, has plunged, going below 10%. By comparison, at end-2021, 40% of companies reported turnovers similar with the level recorded in the previous year, and 14% obtained similar profits.
In terms of current debts, seven in ten companies amassed larger short-term debts in 2022, significantly higher than just three in ten in the previous year.
According to BVBescu, most companies seem to have managed to include cost hikes into revenue, but profitability was slightly affected. This aspect is less visible because most firms managed to considerably boost revenue, which, in most cases, triggered an increase in profits, but the profit margin decreased.