Greater sense of caution among Irish CFOs
Business sentiment among Irish CFOs is on the decline, with optimism over financial prospects dropping in the last six months.
The latest wave of the Deloitte CFO Survey, which surveyed almost 2,000 senior finance leaders across 27 European countries, highlights a greater sense of caution among finance leaders, but the majority still expect to see revenue growth and an increase in operating margins in the coming year.
Key concerns among finance leaders include retaining skilled talent, economic outlook, cybersecurity, and increasing regulations. Despite this, CFOs are continuing to prioritise expansionary strategies, including digital transformation, to drive supply chain efficiencies and organisational agility.
Download the full report above for analysis from our experts on:
Tom Hynes, Consulting Partner and Finance & Performance Lead, shares his insight into the next steps for CFOs:
"While CFOs are right to be cautious, it is positive that the majority remain hopeful about revenue growth over the next 12 months and over a third still expect an increase in operating margins. A significant proportion also plan to cautiously increase capital expenditure, reflecting a measured investment approach.
CFOs need to adapt to evolving regulations by maintaining robust compliance systems and proactively managing regulatory risks. Combining investment in this area with enhanced operational resilience and sustainable development is a prudent approach that should position companies well for future success."
Explore the European CFO Survey Autumn/Winter 2024 report here