Deloitte CFO survey: Q1 2011
A new beginning?
Welcome to our seventh quarterly Deloitte survey of Chief Financial Officers (CFOs) of major Irish based companies. The survey was conducted in March 2011, and CFOs of listed companies, large private companies and Irish subsidiaries of overseas multinational companies participated.
Quarter 1 2011 has been a tumultuous time with history being made both at home and around the globe. Events such as the earthquake in Japan, uprisings in the Middle East and at home, Ireland went to the polls with a landslide general election victory for Fine Gael and Labour. Our survey results reveal that despite the uncertainty, CFOs are still optimistic on the prospects for profit in this economy with the majority believing that their companies have, or will return to growth within 2011. Some of the key findings from this quarter’s survey can be summarised as follows:
- 40 percent of CFOs believe revenues will increase in the next six months with a further 37 percent predicting revenues will remain stable over that period
- 75 percent of respondents believe debt on their balance sheets will remain the same or decrease
- 78 percent of respondents feel the new government will have a positive impact on international confidence in our economy
Read the key findings in more detail and the full PDF report here.
Read the full Deloitte CFO survey press release here
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.
||Shane Mohan, partner T + 353 1 417 2543|