CFO survey: Q2 2013
Riding the tide of uncertainty
Even with market uncertainty, growth both in Ireland and abroad is now playing a crucial role in companies’ plan for the future. CFOs remain bullish and are placing greater emphasis on strategic planning than in previous quarters. It appears that CFOs are indeed rising to the challenge and riding the wave of uncertainty.
CFOs of listed companies, large private companies and Irish subsidiaries of overseas multinational companies participated in the survey, which took place in June 2013.
“Business optimism is rising. A net 36% of CFOs surveyed this quarter are optimistic about the financial prospects of their firms – an increase of 3% on the previous quarter. They believe their revenues and operating cash flows will increase – 81% and 76% respectively. Confidence in the domestic capital market also appears to be on the rise as CFOs believe domestic credit is cheaper and more available now than any other time in recent years...
This is the sixteenth in a series of quarterly surveys of Chief Financial Officers of major Irish based companies. The survey was conducted in June and July 2013, and CFOs of listed companies, large private companies and Irish subsidiaries of overseas multi-national companies participated.
The Deloitte CFO Survey is the only survey that seeks to establish the views of CFOs in relation to the financial markets, economic outlook and business trends on a quarterly basis.