Company growth outlook | CFO Survey | Deloitte Central Europe


Company growth outlook

Central Europe CFO Survey 2018

What strategies are likely to be a priority for business? How do CFOs feel about the financial prospects for their companies?

Key facts

  • Company perspectives are little different from those of 12 months before, as shown by a small rise in our Company Perspective Confidence Index.
  • This suggests that CFOs believe their companies’ financial prospects over the next 12 months are good and that there is a high likelihood that their revenues will increase.

Financial prospects for companies

When it comes to their companies’ financial prospects, CFOs are slightly more pessimistic compared with six months ago than they were in the previous survey. There are considerable differences between countries. While 79% of CFOs in Bulgaria expect things to get better for their companies, in neighbouring Romania 40% of CFOs are less optimistic about the future than they were six months ago. It is also worth noting that in Croatia and Slovenia, just 5% and 6% of CFOs respectively are negative about their companies' financial prospects. Similarly, CFOs from different industries have differing assessments of their companies’ financial prospects. The most optimistic are respondents from the Consumer Business and Construction & Real Estate industries.


The proportion of CFOs expecting their companies to increase their capital expenditure in the next year has decreased by 5 pp, from 49% to 44%. Again, only a small fraction of respondents (13%) expects CAPEX to fall in 2018. The most negative views are expressed by CFOs from Business & Professional Services companies, where 27% of respondents expect their companies’ CAPEX to decrease in the next year.

Company growth outlook

Download the report to find out more about:

  • Revenues
  • Operating margins
  • Employment
  • Ability to service debts
  • Aim for the level of gearing
  • Strategies that are likely to be a priority for business