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  "documentTitle": "Distress Alert July 2024",
  "authorId": "AlvarezMarsal",
  "authorName": "Alvarez & Marsal",
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  "notes": "The slide includes a map icon, a key findings section with a table of metrics, and a footnote regarding the exclusion of the Real Estate sector.",
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      "text": "In the Nordics, 9.2% of companies were in distress, down from 9.8% the year before.",
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      "text": "6 The Real Estate sector, comprised of REITs, Real Estate Development and Real Estate Services companies, among others, has not been included in our analysis because most of its KPIs are not comparable with those of the industries covered in the report.",
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      "text": "Distress rate: 9.2%",
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      "text": "Outside the hard-hit real estate industry (not included in our analysis), our data showed the highest levels of distress in Infrastructure and Logistics, Multisector and Consumer Fashion industries. The Automotive and IT sectors showed the biggest increase in distress year-on-year.",
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      "text": "Whilst there are no signs yet of a sharp increase in the volume of distressed transactions, restructuring activity levels across the Nordics have intensified and large corporates have defaulted.",
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      "text": "In the Nordics, 9.2% of companies were in distress, down from 9.8% the year before. However, nearly one in three companies were lacking robustness, indicating a challenging environment overall.",
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      "text": "The spread of distress across multiple industries with no clear trend is consistent with our experience on the ground, reflecting the broader challenges of persistent inflationary pressures and higher interest rates. In the first months of 2024, this has translated into weakened consumer demand, reduced Capex spending and investment appetite.",
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