Payment behavior Payment behavior of companies slightly improved
Swiss companies paid their invoices faster in the first half of 2024. Companies in the automotive and hospitality sectors continued to have the worst payment behavior.
29.08.2024, 09:25
SDA
The proportion of invoices paid late by companies fell by just under one percentage point to 17.9% in the first half of 2024 compared to the same period of the previous year, according to the business information service Dun & Bradstreet on Thursday.
The trend towards an improvement over the past five years is thus continuing, as the proportion of late payments in the coronavirus years 2020 and 2021 was still around 20% or more, and in 2019 it was even over 23%. The average delay in payments from companies to companies was a good 15 days, an improvement of one day compared to the previous year.
Automotive sector and hospitality industry in arrears
Across all sectors, the automotive industry, the printing and publishing industry and the hospitality industry have the worst payment practices, with around a third of payments late in each case. The most conscientious payers of invoices are financial and insurance companies and the tradesman sector.
In cantonal terms, companies in the canton of Zug take the longest to pay, followed by Ticino. Behind this, Dun & Bradstreet identifies a "Röstigraben". The next five cantons with poor payment practices are Neuchâtel, Vaud, Geneva, Valais and Fribourg. Obwalden, Appenzell Innerhoden and Uri fare best in this ranking, with payment delays of less than 10 percent.
