CFOs less optimistic about the future – Euler, Grant Thornton

Financial directors are generally satisfied with their companies’ condition, but they are less optimistic about the future, according to a survey by Euler Hermes and Grant Thornton. The survey shows that 53% of CFOs declare that over the past 12 months the condition of their companies has improved. However, the authors of the study write that while in 2018 as many as 48% of CFOs were optimistic about their company’s financial future, this year the figure is just 36%.

“Financial directors invariably expect growth in their companies, rather than stagnation or regress, but they are not as brave in their declarations as last year. This coincides with macroeconomic forecasts that the Polish economy will slow down a bit in the coming quarters,” the study said.

(PAP)