Effects of the Pandemic on the Performance of Publicly Traded Companies Within the Baltic States

Abstract

During the coronavirus pandemic, the business and operating environment worsened rapidly in 2020, and effects lasted throughout the year. This chapter analyzed three countries of Baltic States and their publicly traded companies through longitudinal perspective (2010-2020). Examination is mainly made through revenue development, but profit and loss is briefly discussed. It is concluded that revenue declines were already in 2019 in many situations, reality and pandemic only accelerated this trajectory. The travel and service sector was of course in big trouble, but also textile production and sales were having similar effects as did also some energy industry actors. It could be said that apart of these branches, manufacturing was showing rather good performance. In general, banks in these countries also performed well during the pandemic. It is surprising that Lithuanian companies overall showed the highest profits of the examination period in year 2020, even in a situation that analyzed companies contained troubled sectors and the country was having worsening employment throughout the year.