The Impact of COVID-19 on Directly Affected European Companies

• Published 23 Mar 2020
• Language: English

Our report examines individual industries affected by the current coronavirus crisis.

The coronavirus is still spreading across the globe. Some businesses were forced to switch to remote work, some businesses had to close completely. Millions of European companies are losing revenue every day. Thousands of shops are closed, airlines are cutting flights, tourists are canceling holidays. Fear of the virus and governments’ recommendations to stay at home are pushing hotels and restaurants to the edge. Right now, it is still hard to accurately predict how this crisis will affect the economy in the long run; we only know what the losses are so far.

We took a look at the directly affected European companies, industries in which they operate, their current size based on annual sales and number of employees, and location of their operations.