Swiss companies among the most punctual payers
Published: Thursday, Jun 27th 2024, 10:40
Updated At: Friday, Jun 28th 2024, 01:59
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Swiss companies have a high level of payment discipline. According to an analysis by management consultants Dun & Bradstreet, Swiss companies occupy a leading position in Northern Europe.
Specifically, 68.8 percent of Swiss companies make their payments on time, according to the Payment Study 2024 published by D&B on Thursday. The analysis examined the payment behavior of companies in over 30 countries.
In a European comparison, only companies in Denmark (94.2%), Poland (82.7%) and the Netherlands (76.1%) pay more punctually than in Switzerland. However, companies in southern European countries such as Spain (46.7%), Italy (41.1%) and Portugal (19.2%) ranked lower in terms of payment practices.
However, a comparison of sectors in Switzerland shows a differentiated picture: companies in the construction (75.2%) and finance (73.5%) sectors are very reliable, followed by wholesale (63.3%) and retail (62.9%). Meanwhile, the significant decline in punctual payments in the forwarding and logistics, communication services and local and long-distance transport sectors is particularly striking.
At the same time, there is a global trend that is continuing: Smaller companies often pay more punctually than large corporations.
©Keystone/SDA
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