European CFO Survey

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European CFO Survey Spring 2018

Undeterred by uncertainty

2017 was an extraordinary year for the European economy. The strength in Europe was driven by the euro area, which grew at its fastest pace in a decade. Will this steady upswing continue into 2018?

What did Europe’s CFO community make of this?

Chief Financial Officers across Europe remain focused on their company’s growth, despite levels of optimism and revenue expectations softening. CFO confidence, while slightly more subdued compared to autumn 2017 - remains positive and brighter than last spring. In fact, positivity is noticeable as CFOs report an expected increase in both capital expenditure and human capital over the next 12 months.

So, what are the overall views of Europe’s leading CFOs?

  • A net 26% are more optimistic than they were when last surveyed
  • 51% of European CFOs say there is a high level of financial and economic uncertainty
  • 46% of CFOs expect their capital expenditure to increase in the next 12 months
  • A net 25% expect to add their workforce in the next year
  • 73% of CFOs say that a rise in protectionism is likely, and 50% say a major cyber-attack is likely, though both are rated relatively low on their impact on company financial prospects.
European CFO Survey: Spring 2018

The time for digital is now

In a special edition chapter—The digital frontline—CFOs share their perspectives on digital disruption and some food for thought on the implications for business.

So, are European CFOs prepared for what’s on the digital horizon?

  • 30% of CFOs are playing the strategic lead role when it comes to digital initiatives currently
  • Almost 50% of Europe’s CFOs report that their company uses digital capabilities to improve processes extensively
  • A net 15% plan to invest more in disruptive technologies (blockchain, cognitive analytics) over the next 12 months
  • A net 55% of CFOs plan to increase investments in training employees on digital initiatives over the next 12 months.

Uncover the issues that matter most to Europe’s CFOs in the latest European CFO Survey report–Undeterred by uncertainty–and in the additional chapter–The digital frontline.

Special Edition: European CFO Survey—The digital frontline

Review the findings

Hear what our Chief Economists have to say

For a full breakdown, download the European CFO Survey Spring 2018 report

About the European CFO Survey

The European CFO Survey is part of a global cohort of surveys benchmarking the current and future intentions and opinions of European Chief Financial Officers. The findings discussed in this report are representative of the opinons of almost 1,652 CFOs based in 20 European countries: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, Turkey and the United Kingdom. CFOs were all contacted between February and April 2018.

The special edition chapter–The digital frontline–represents the consolidated views of up to 1,162 CFOs based in up to 15 European countries: Austria, Belgium, Denmark, Finland, France, Greece, Iceland, Ireland, Italy, Poland, Portugal, Spain, Sweden, Switzerland and Turkey.

About the European CFO Survey

Previous editions

European CFO Survey - Autumn 2017
CFOs switch focus to the longer term

European CFO Survey - Spring 2017
Recovery continues

European CFO Survey- Autumn 2016
Growth prospects in an uncertain world

European CFO Survey - Spring 2016
Politics takes centre stage

European CFO Survey - Autumn 2015
Confidence heads South

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