Keywords
financial performance
business activity
How to Cite
Abstract
The unexpected outbreak of the COVID-19 pandemic caused severe issues globally, with problems focused on health, social, and economic factors. Many economies experienced shocks to supply and demand. This article presents the findings of Statistics Poland’s research on the experiences of enterprises and managerial activities undertaken during the COVID-19 pandemic, as well as the degree of changes in financial performance for the first half of 2020. The analyses have shown that approximately 90% of the enterprises surveyed in Poland in the first half of 2020 experienced a negative impact from the COVID-19 pandemic, while approximately 70% took management actions to mitigate the negative impacts. In addition, taking into account changes in financial performance, construction companies appear to be in the best situation, as their net financial results increased by approximately 44% compared to the first half of 2019. Companies in the processing industry appear to have been worst hit, as their net financial results decreased by as much as 40% compared to the same period in 2019.
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