CEE after the crisis – Back to business as usual?
Most Central and Eastern European companies made it through the crisis in one piece, sales have returned to pre-crisis levels, profits are not quite back there yet.
One third of companies were even able to increase their sales and profits during the crisis. Polish, Czech and Austrian firms saw their business develop disproportionately well. Although the returns are lower than the cost of capital, and have been so since 2008, investors are confident of the region’s future development: EBITDA multiples are back at pre-crisis levels.
These are the findings of the study on "CEE after the crisis – Back to business as usual?", which analyzed data from 1,200 companies – 89% of them listed on the stock exchange – from 13 CEE countries.