European CFO Survey Autumn 2018
Winter is coming
The Deloitte Ireland CFO Survey report presents the insights from CFOs across 20 countries in Europe on market and business sentiment. Economic and political events in the past few months have dented the confidence of CFOs, although their expectations for the next few months remain fairly positive – particularly among CFOs in countries within the euro area.
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Irish CFOs slightly more cautious as they survey the geopolitical risk landscape
Following two positive surveys, the results in the latest Irish CFO Survey for Autumn 2018 present a more cautious perspective. Read highlights from the report below.
- CFOs reporting a high level of external financial and economic uncertainty increased significantly to 71% from 35% in the prior period.
- Geopolitical risks, Economic outlook and Shortage of skilled professionals are the top 3 concerns facing Irish CFOs.
- 74% of CFOs expect to achieve revenue growth over the next 12 months, a decrease from H1 2018 (84%) and H2 2017 (81%).
- 42% of CFOs are more optimistic compared to six months ago however, six months ago, 57% of CFOs were more optimistic.
- Organic growth remains top strategy priority for CFOs, but cost reduction moves up as the secondary priority.
- Irish CFOs struggle to recruit professionals with; Appropriate technical knowledge (47%), Problem solving/adaptability skills (42%), The necessary work experience (34%), and Soft skills (30%).
- 25% of Irish CFOs will use automation by a large extent to address skills shortages
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—now in its fourth year. The survey—conducted twice a year—is an important part of the Deloitte EMEA CFO Program, an initiative which brings together multidisciplinary teams across Europe to help CFOs address the challenges and demands of their role.