Estimated COVID-19 impact on revenue development of companies in Finland 2020

In May 2020, at least 75 percent of the Finnish companies expected negative impacts on their revenue development compared to 2019 due to the coronavirus (COVID-19) pandemic. Based on survey results, almost one third of the companies estimated that the revenue loss will likely exceed 75 percent in June. At the same time, roughly 25 percent expected their revenue to increase or remain at the same level as in the previous year.

According to the survey, companies were more confident about their future prospects than in March or April. As of May 2020, 80 percent estimated that their business will continue to operate despite the difficulties caused by the coronavirus outbreak.

Estimated impact of the coronavirus (COVID-19) on revenue development of Finnish companies 2020

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Source

Release date

May 2020

Region

Finland

Survey time period

May 11-12, 2020

Number of respondents

1,639 respondents

Special properties

Business executives and entrepreneurs

Supplementary notes

* May and June 2020 estimates of revenue development compared to the corresponding period of 2019.

This question was phrased by the source as follows: "Miten arvioit yrityksesi liikevaihdon määrää ja kehitystä verrattuna normaaliin tilanteeseen?
% yrityksistä, suhteessa edellisvuoden vastaavaan kuukauteen"

Percentage points exceeding 100 percent are probably due to rounding.

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