Influence of the Economic Crisis in 2008 on the Performance of Companies in Wood-processing Industry

The last global economic recession has broken out in 2008. Impacts of the crisis have appeared in 2009 in the European countries. In the current globalized world of closely interdependent economies, the crisis affected almost every part of the world. Export oriented countries noticed a stronger recession in foreign trade due to decreased demand. In the time of economic crisis the enterprises are forced to reduce production volume, costs and number of employees in aim to keep performance or to survive. The paper deals with influence of economic recession on the performance of companies in wood-processing industry of Slovakia and the Czech Republic. The attention is paid to ratio indicators of performance and their indexes in the period 2006 – 2011. The aim of the paper is to summarize performance indicators and to show their changes during economic recession in wood-processing companies with focus on added value, labour productivity and investment effectiveness.