Survey to Financial Management in Europe
The economic recovery continues its course and demand is awakening. In addition, more than half of those surveyed believe that there will be an increase in their workforce in the next 12 months. These are some of the conclusions of the Survey of Financial Management in Europe, carried out by Deloitte with more than 1,300 executives in 17 countries on the continent, including Spain.
“The Fall issue reveals that business confidence remains high, although it has softened somewhat since the spring. However, there are big differences between different regions and sectors. While risks related to demand are diminishing, several issues related to the supply chain are becoming more important. However, CFOs are slightly more optimistic about the evolution of revenues, rising three points compared to the last edition. “
European CFOs are optimistic about the recovery
If 46% of the CFOs surveyed feel more optimistic about the financial prospects of their companies, compared to last semester, 14% are less optimistic and 40% believe that things have not changed in general.
European CFOs also have positive expectations for the next 12 months. At the European level, 80% of those surveyed expect their companies’ revenues to increase in the next 12 months. Similarly, 45% expect their operating margins to increase in the next 12 months, while 25% expect them to decrease.
“The current situation and the learning after the crisis has made CFOs more cautious about the decisions they make in their companies. In this sense, 63% of CFOs consider that it is not a good time to assume more risks on their balance sheet, while 37% do consider it appropriate. “
Better job prospects
The job outlook continues to show signs of improvement in this edition. In this way, the percentage of financial directors surveyed who expect the number of employees in their company to increase in the next 12 months goes from 43% to 54%.
On the other hand, 12% expect this figure to decrease, which in the previous edition reached 19%.