Key points from the survey:
- After a major drop in confidence in Q1, CFOs see somewhat more scope for optimism about the Swiss economy this quarter. 41% are pessimistic, 16% are optimistic. Around a quarter of CFOs expect Switzerland to face a recession over the next two years, compared with the Q1 figure of 36%.
- Expectations for revenues and operating margins are still negative, though the former have recovered noticeably since Q1. However, pressure on operating margins remains high, with 73% of CFOs expecting margins to fall.
- A majority of CFOs expects cuts in discretionary spending, planned capital expenditure and the number of employees in their company.
- CFOs are less pessimistic than in Q1 about virtually all the corporate risks explored in the Survey but still rate these risks as extremely high in some cases. The strength of the Swiss Franc remains the highest risk, cited by 70% of CFOs. As in Q1, this is followed by geopolitical risk and increasing regulation within Switzerland.
- 82% are planning to take action in the area of personnel in response to the higher costs resulting from the strength of the Swiss Franc. Almost 50% are considering reducing the size of their company’s workforce.
The survey gauges attitudes to valuations, risk, and financing, and is designed to pick up trends and turning points in the Swiss economy and corporate sector. It communicates the views of the CFO community to the wider public and is regularly featured in the national media. A total of 111 CFOs from a wide range of industries participated in the Q2 2015 survey.
Download below the survey (PDF 16 pages)
- After a major drop in confidence in Q1, CFOs see somewhat more scope for optimism about the Swiss economy this quarter. 41% are pessimistic, 16% are optimistic. Around a quarter of CFOs expect Switzerland to face a recession over the next two years, compared with the Q1 figure of 36%.
- Expectations for revenues and operating margins are still negative, though the former have recovered noticeably since Q1. However, pressure on operating margins remains high, with 73% of CFOs expecting margins to fall.
- A majority of CFOs expects cuts in discretionary spending, planned capital expenditure and the number of employees in their company.
- CFOs are less pessimistic than in Q1 about virtually all the corporate risks explored in the Survey but still rate these risks as extremely high in some cases. The strength of the Swiss Franc remains the highest risk, cited by 70% of CFOs. As in Q1, this is followed by geopolitical risk and increasing regulation within Switzerland.
- 82% are planning to take action in the area of personnel in response to the higher costs resulting from the strength of the Swiss Franc. Almost 50% are considering reducing the size of their company’s workforce.
The survey gauges attitudes to valuations, risk, and financing, and is designed to pick up trends and turning points in the Swiss economy and corporate sector. It communicates the views of the CFO community to the wider public and is regularly featured in the national media. A total of 111 CFOs from a wide range of industries participated in the Q2 2015 survey.
Download below the survey (PDF 16 pages)
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Le quotidien Finyear :
- Finyear Quotidien
La newsletter quotidienne :
- Finyear Newsletter
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises de la finance d’entreprise et de la finance d'affaires.
Les 5 lettres mensuelles digitales :
- Le Directeur Financier
- Le Trésorier
- Le Credit Manager
- The FinTecher
- Le Capital Investisseur
Le magazine trimestriel digital :
- Finyear Magazine
Un seul formulaire d'abonnement pour recevoir un avis de publication pour une ou plusieurs lettres