The main conclusions of the Greek Commerce Annual Survey conducted by ICAP Group were presented by the National Confederation of Greek Commerce (ESEE) on December 5, 2011 at the HILTON Hotel. According to the survey, there was a significant deterioration over the entire range of commercial activities its main features being the decrease of turnover and profitability. Sales of SA and LTD companies in 2010 decreased by 10.2%, gross profit by 15.1% while operating profit has dropped by 84.8%. Moreover, 7,5 out of 10 General and Limited Partnership enterprises also reported reduced sales and profits.
This negative environment seems to affect both the estimates for 2011 as well as the predictions for 2012. While two thirds of all SA and LTD companies and 80% of General and Limited Partnership companies estimate that they will have less sales in 2011, all of them predict a decrease in profits (independently of their legal form). As far as unemployment is concerned, the survey depicts an increase in the number of companies that have fired personnel in 2011.
Regarding 2012, the predictions are pessimistic mostly among General and Limited Partnerships: more than one out of three expect lower sales and profits.