novaerion Insolvency Monitor February 2023

According to the Federal Statistical Office, the absolute insolvency figures show a total of 1,362 corporate insolvencies for February 2023, an increase of 7.2% compared to January 2023.

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Compared to the same month of February 2022, there was a significant increase of 20.3%. As in January 2023, the construction industry with 237 cases (+15.0% compared to February 2022) and trade with 234 cases (+51.0% compared to February 2023) were also the hardest hit.

In addition to the well-known drivers of insolvency (cost increases for raw materials and energy, rising interest rates, etc.), the upcoming repayment period for bridging aid (corona pandemic) until the end of June 2023 poses further challenges, particularly for smaller companies.

Overall, there is therefore currently no expectation of a decline in insolvencies.

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