Confectioners and bakers in Poland indebted to approximately PLN 118 million

Published 2021년 2월 11일

Tridge summary

The article highlights a nearly 10% increase in arrears for bakers and confectioners in Poland, reaching PLN 118.1 million in 2020, with retail outlets experiencing a 5% increase in arrears. The pandemic did not significantly impact the bakery industry, but a decrease in bread consumption and price increases led to financial challenges for many companies, especially in certain provinces. However, bakers and confectioners from Podlasie, Świętokrzyski, and Małopolska were more conscientious in managing their finances. The largest number of companies with payment difficulties were located in Mazovia, with the highest unpaid liabilities.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Register of Debtors BIG InfoMonitor and BIK, last year the arrears of bakers and confectioners increased from PLN 107.6 million in 2019 to PLN 118.1 million in 2020, i.e. almost 10 percent. On the other hand, there are fewer companies that had financial problems and ultimately the share of unreliable payers in this industry amounts to 6%. - as in the entire economy - it is also similar to the percentage of risky enterprises among sellers of bakery and confectionery products. In the case of retail outlets, arrears increased by 5% last year, to PLN 12.7 million. The average amount of liabilities overdue by at least 30 days in this group exceeds PLN 40 thousand. PLN, and in the case of producers of bread and cakes 122 thousand. PLN. As Halina Kochalska from BIG InfoMonitor told PAP, bakery and confectionery companies "do not have it easy, because even in a period without a pandemic, they are not favored by nutritional trends". The expert pointed out that, although ...

Source: Portalspozywczy