COVID-19 impact on sales of small and medium-sized companies in Finland 2020

According to surveys from March and April 2020, almost 70 percent of the small and medium-sized enterprises in Finland experienced decline in sales due to the coronavirus outbreak. Every fifth company lost over 50 percent of their sales by the end of April 2020. Eight percent of the businesses reported no sales at all because of the current COVID-19 situation. At the same time, around 30 percent of the companies did not yet experience decline in sales or in the number of customers in April 2020.

In total, 76 percent of the small and medium-sized enterprises in Finland estimated that the coronavirus outbreak has already caused problems for their business.

How much have your company's sales decreased due to the coronavirus outbreak?

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Source

Release date

April 2020

Region

Finland

Survey time period

March 18-24; April 1-3 and April 21-23, 2020

Number of respondents

1,183; 1,111 and 1,152 respondents

Special properties

Small and medium-sized enterprises

Method of interview

Online survey

Supplementary notes

This question was phrased by the source as follows: "Kuinka paljon myynti on vähentynyt (kaikki vastaajat)?".

The source adds the following information: "The results do not reflect the impact of the most recent restrictions of the Finnish government."

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