Big companies are doing well and have started to invest again
01:06
There is no trace of a pandemic in the largest companies. They have recorded record good results and have started to invest. We are talking about a group of about 18,000 entities (there are those who employ over 49 employees). In the second quarter, they spent 14 percent more than a year ago on investments, about PLN 36.4 billion. This is the result of the latest data from the Central Statistical Office.
In the entire half of the year, investments in large companies already amounted to PLN 67.6 billion, 7.9 percent more than in the pandemic 2020. And this is calculated in constant prices, after removing the data from the increase in the prices of investment goods, which also accelerated this year.
This means that the GDP data for the second quarter showing an acceleration of economic growth to 10.9 percent has also a reflection in investment, not just consumption.
The fact that this is the case may be evidenced by other previously published information, such as the records in the value of the lease granted in the first half of the year. A few weeks ago, the Polish Leasing Association informed that the affiliated companies concluded contracts for PLN 40.5 billion.
In the results of large enterprises, one more thing is noteworthy: a significant improvement in profitability in the first half of the year compared to previous years. Such good gross and net profitability ratios at this time of year have not been recorded since at least 2005. It is true that the costs in enterprises increased dynamically – in the second quarter alone by 27.6 percent, but revenues grew much faster, by almost 31 percent.
