Payments Study: Food & Beverage Sector Less Punctual in Payments | Cribis analysis

23/07/2024

Only 19.3% of companies in the GD/DO sector and 19.7% in the Horeca sector pay on time, compared to a national average of 39.9%. This is what emerges from a study carried out by CRIBIS, a company of the CRIF group updated to 30 June 2024, which analyzed the payment trends of the Food & Beverage sector, one of the product sectors put most under pressure by the pandemic.

Less than 20% of companies in the GD/DO and Horeca sector pay on time, below the national average of 39.9%.
Late payments improved compared to 2019, -25.3 % for large-scale retail trade, -22.4% for Retail Trade Food&Beverage.

Only 19.3% of companies in the GD/DO sector and 19.7% in the Horeca sector pay on time, compared to a national average of 39.9%. This is what emerges from a study carried out by CRIBIS , a CRIF group company specialized in providing information, solutions and consultancy to businesses, updated to 30 June 2024, which analyzed payment trends in the Food & Beverage sector, one of the product sectors most under pressure by the pandemic and the stringent rules implemented to reduce contagion.

Although the data from the study reveal an average of payments with a delay of over 30 days higher than the national average (9.5%), with the Horeca sector seeing 17.7% of companies paying over 30 days, the Retail Trade Food&Beverage 14.9% and GD/DO 11.8%, the sector has seen a progressive improvement in terms of both the punctuality of payments and the reduction of late payments in recent years.

From the Cribis study it can be seen that in the second quarter of 2024 there was a progressive improvement compared to the first quarter of the same year (Table 2): late payments beyond 30 days fell in the Horeca sector by 3.8%, by 5.6% in wholesale Beverage, by 2.6% in Retail Trade Food&Beverage, and by almost 1% in GD/DO.

The improvement trend is even more evident if we compare the data for the second quarter of 2024 to the fourth quarter of 2019 (Table 3). In this period, payments upon maturity improved throughout the Food & Beverage sector, with peaks of 27.8% for GD/DO and 22.4% for Horeka.

A similar positive progression can also be seen when analyzing payments more than 30 days late: in the GD/DO, seriously late payments fell by 25.3%, by 22.4% in the Retail Trade Food & Beverage sector and by 16.1% in Horeca sector.