Payments Swiss companies among the most punctual payers

SDA

27.6.2024 - 11:57

Swiss companies pay their bills very punctually compared to other European countries. (symbolic image)
Swiss companies pay their bills very punctually compared to other European countries. (symbolic image)
Keystone

Swiss companies have a high level of payment discipline. According to an analysis by management consultants Dun & Bradstreet, Swiss companies occupy a leading position in Northern Europe.

Specifically, 68.8 percent of Swiss companies make their payments on time, according to the Payment Study 2024 published by D&B on Thursday. The analysis examined the payment behavior of companies in over 30 countries.

In a European comparison, only companies in Denmark (94.2%), Poland (82.7%) and the Netherlands (76.1%) pay more punctually than in Switzerland. However, companies in southern European countries such as Spain (46.7%), Italy (41.1%) and Portugal (19.2%) ranked lower in terms of payment practices.

However, a comparison of sectors in Switzerland reveals a differentiated picture: companies in the construction (75.2%) and finance (73.5%) sectors are very reliable, followed by wholesale (63.3%) and retail (62.9%). Meanwhile, the significant decline in punctual payments in the freight forwarding and logistics, communication services and local and long-distance transport sectors is particularly striking.

At the same time, a global trend is continuing: Smaller companies often pay more punctually than large corporations.