Investor Presentaiton
Overall COVID-19 Impact
Primary data analysis
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0-0
IMMEDIATE IMPACT
March-April 2020
Significant direct impact
•
Containment measures selected as most
significant negative impact channel.
Far-reaching indirect impact
•
The indirect immediate impact extended
well into all of the economy through
changes in customer and firm behaviour.
About 50% of all firms declared at least
some decrease in turnover.
SHORT-TERM IMPACT
3 to 6 months
Further economic downturn expected
About half of firms expect turnover to
continue to fall.
Temporary cost reduction measures planned
Over 50% of firms plan wage reductions,
firms in more impacted sectors also
likely to indicate layoff plans.
Approx. 41% of firms declared that they
are ready to lay off at least part of their
workforce.
Expected layoffs (% of workforce)
MEDIUM-TERM IMPACT
Beyond 6 months
More optimism regarding cost reductions
Less firms reporting wage reduction and
layoffs than in short-term horizon (38%;
32%)
Directly-impacted sectors at great risk of
ceasing operations
Firms in directly impacted sectors
(Accommodation, Food Services, and
Transport) and smaller firms at high risk
of ceasing operations.
80%
70%
60%
50%
40%
30%
20%
10%
0%
10% or less
10% to 30%
30% to 50%
More than 50%
■3 to 6 months
Over 6 months
No expected
action
Source: Impact Assessment Survey
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