CFOs shifting to expansionary strategies
Deloitte Belgian CFO Survey Q4-2010
CFOs enter 2011 in a less defensive mood than they entered 2010. Expansion is high on the priority list, whether by introducing new products, expanding into new markets or by acquisition. Cashflow management, liquidity and cost control remain on top of the priority list.
Expectations on M&A and PE activity remain at high levels. Though expectations were already at very high levels one year ago, this has not yet translated to the same extent into actual transactions.
Close to 80% of the CFOs expect an increase in revenue in 2011, and margins will likely increase for 50% of respondents. Less than 10% expect hiring to decrease in 2011, compared to 58% one year ago.