European CFO Survey Autumn 2018

Winter is coming

At the beginning of 2018, the world economy looked in good shape - 2017 ended on a high note and economic activity was expected to remain strong over the coming year. Key political, financial and trade events over the last six months have impacted the economic landscape and shifted confidence. Are Europe’s CFOs prepared for the rainy days ahead?

What did Europe’s CFO community make of this?

Chief Financial Officers across Europe remain focused on their company’s growth despite uncertainty levels rising and risk appetite declining. CFO confidence has dipped – with CFOs reporting that they are more pessimistic than they were just six months ago. Despite this, the expectations of CFOs over the next 12 months continue to be positive, as intentions for investment and hiring remain high.


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

  • The net balance of CFOs feeling more confident about the financial prospects of their companies dropped by 28 percentage points since the last survey
  • Only 24% of CFOs consider this a good time to take greater risk on to their balance sheets
  • A net balance of 17% of CFOs across Europe plan to increase their capital expenditure
  • A net balance of 13% of CFOs plan to increase the number of employees in their organisation
  • 43% of CFOs report their company has difficulties finding people with the appropriate technical knowledge
  •  43% of CFOs report their company uses increased automation to a large extent to address shortages of skilled labour.


Uncover the issues that matter most to Europe’s CFOs in the latest European CFO Survey report – Winter is coming.

European CFO Survey: Autumn 2018

Autumn 2018

Welcome to the eighth edition of the Deloitte European CFO Survey.

Now in its fourth year, we gathered the views of 1,373 CFOs based in 20 European countries: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Russia, Sweden, Switzerland, Turkey and the United Kingdom. The special questions in this edition of the Survey investigate the type of skills shortages that exist and the strategies currently used to address the issue.

This site allows you to compare results collected every 6 months and across a diverse set of European counties, in addition to giving you access to local analysis and contacts.

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