Swiss companies maintain financial stability amid European struggles

Swiss companies continue to demonstrate financial robustness compared to their European counterparts, although corporate restructuring activities have increased in recent months. In 2023, the number of Swiss companies in financial distress decreased from 6.1% to 5.2%, according to a study released by auditing firm Alvarez & Marsal (A&M) on Monday. This category includes companies facing existential financial difficulties and requiring restructuring. European companies face greater challenges +Sign up to get the most important news from Switzerland directly in your inbox European companies are in a far worse position, with nearly one in ten in financial distress. In 2023, the financial situation deteriorated in 10 out of 16 sectors across Europe. Additionally, almost one-third of European companies are in a weak financial position, a record figure driven by increased financial debt, low turnover, declining consumer spending, and inflation-related expenditures. +Start-ups, failures ...