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The Deloitte CFO Survey

2012 Q4 results

2013: Same direction or on to new horizons?

No recession: 73% do not expect a recession in Switzerland within the next two years.

Maintaining operating margins: 50% expect a decline in operating margins within the next 12 months, while 26% expect an increase.

Cost control: 80% said that cost reduction is a top corporate priority.

Cheap credit: 64% consider the cost of credit as low, and only 5% view it as high.

Stable Swiss Franc: 78% exchange rate expect the Swiss Franc-euro exchange rate to be 1.20 or higher in 12 months.

Foreign investment: 73% are expecting an investment decision in at least one foreign market within the next 12 months.

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