{"id":4145,"date":"2020-04-29T11:54:14","date_gmt":"2020-04-29T11:54:14","guid":{"rendered":"https:\/\/www.munich-strategy.com\/?p=4145"},"modified":"2022-04-04T15:31:33","modified_gmt":"2022-04-04T15:31:33","slug":"stress-test-mittelstand-2020","status":"publish","type":"post","link":"https:\/\/www.munich-strategy.com\/en\/stress-test-mittelstand-2020\/","title":{"rendered":"Study: Stress Test “Mittelstand” 2020"},"content":{"rendered":"

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t<\/strong> <\/em>+49 (0) 89 1250 1590
\npresse@munich-strategy.com<\/a><\/span><\/h6>\n

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Dr. Sebastian
\nTheopold<\/h6>\n

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Dr. Sebastian
\nTheopold<\/h6>\n

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Martin
\nWitth\u00f6ft<\/h6>\n

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STUDY<\/span><\/strong><\/h6>\n

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04 \/ 2020<\/span><\/h6>\n

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Stress Test “Mittelstand” 2020<\/h1>\n

[\/vc_column_text][vc_single_image image=”2561″ img_size=”full”][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text el_class=”h8″]How resilient is the German \u201eMittelstand\u201c and what will it look like post-COVID-19? Which companies have enough substance to cope with this extraordinary crisis and which are most affected?[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text]<\/p>\n

In order to provide quantitative support to the current debate about impending insolvencies, loser industries and the impact on the “Mittelstand” landscape, Munich Strategy has analyzed the crisis resistance of the German “Mittelstand”. On the basis of a specific crisis stress test, companies with revenues between EUR 10 million to EUR 2 billion were analyzed. The analysis is based on the Munich Strategy \u201cMittelstand\u201d database with performance and strategy data of more than 3,500 companies across all industries and regions in Germany. The stress test has produced four key findings:<\/h6>\n

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1. Fast-paced recession hits like a hammer blow<\/h2>\n

The COVID-19 crash comes unexpected and hits the German \u201cMittelstand\u201d with full force. Even if a recovery sets in as early as mid 2020, the effects and consequences will be devastating.<\/h6>\n

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2. No medium-sized company is immune, almost all performance classes are affected<\/h2>\n

Up to 45% of the German \u201cMittelstand\u201d are threatened overnight. Even apparently healthy companies turn into “borderliners” and transform into acquisition targets.<\/h6>\n

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3. Industry affiliation is the decisive factor for “to be, or not to be”<\/h2>\n

Companies across all industries are affected. However, the share of \u201cborderliners\u201d in the services and retail industry is particularly high. The traditionally weak food industry profits from its systematically relevant status.<\/h6>\n

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4. Nothing will be the way it used to be \u2013 the German \u201cMittelstand\u201d faces a reorganization<\/h2>\n

Crisis-resistant \u201cMittelstand\u201d companies win market shares and become “consolidators”. They will come back even stronger after the crisis. Now is the time for companies to secure their post-crisis position.<\/h6>\n

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\u00a0Durchschnittliches Umsatzwachstum 2013-2016\/17:<\/h3>\n

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Widerstandskraft ausgebaut<\/h2>\n

Der Jahresvergleich 2007\/2016 macht deutlich: Die st\u00e4rksten Mittelst\u00e4ndler haben ihre Widerstandskraft seit der Finanzkrise im Jahr 2008 erheblich ausgebaut. Die durchschnittliche Eigenkapitalquote der Unternehmen wuchs zwischen 2007 und 2016 um 11,9 Prozentpunkte – von 43,1 auf 55 %. Der Ausbau der Eigenkapitalquoten der TOP 100 deutet auf eine gestiegene Solidit\u00e4t im deutschen Mittelstand hin.<\/h6>\n

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Eigenkapitalquoten 2007 und 2016:<\/h3>\n

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Mittelstand wird ‘Mitteltech’<\/h2>\n

Technologieunternehmen dominieren das Ranking 2018 und zeigen in allen Bereichen die st\u00e4rkste Performance. 52 der 100 st\u00e4rksten deutschen Mittelst\u00e4ndler sind \u201aMitteltech\u2018-Unternehmen und f\u00fchrend in den Branchen Technologie, Maschinen- und Anlagenbau sowie Baumaschinen. Mit einem Umsatzwachstum von 11,8 % und einer EBIT-Quote von 15,1 % liegen sie innerhalb der TOP 100 im Spitzenfeld. Munich Strategy teilt die \u201aMitteltech\u2018-Unternehmen anhand ihrer vorrangigen Erfolgsmuster in drei strategische Gruppen ein: \u201aDigitale Wegbereiter\u2018\u201a Kunden-Insider\u2018 und \u201aProdukt-Titane\u2018.<\/h6>\n

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Anzahl der \u201aMitteltech\u2018-Unternehmen unter den TOP 100:<\/h3>\n

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Content of the study<\/span><\/h2>\n

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