Accessability Links
Cookies on our website
By continuing to use this website we will assume you are happy to receive cookies as outlined in our cookie policy
Accept Policy

Risk appetite at record low among European CFOs, says Deloitte

Nov 15
Tags: Deloitte
Share this story:
Risk appetite at record low among European CFOs...

Risk appetite continues to decline among chief financial officers, with less than one in five respondents (18 per cent) to Deloitte's latest European CFO Survey saying now is a good time to take on risk.

The latest proportion marks a decrease from the previous record low of 20 per cent found in the last study.

This trend has been particularly noticeable in eurozone countries, where less than one in six company finance bosses (16 per cent) are currently keen to accept risk onto their balance sheets.

As far as particular industries are concerned, risk appetite is lowest in those that are heavily reliant on global trade, such as the automotive, industrial and transport sectors.

Other findings showed that more than two-thirds of CFOs across Europe (69 per cent) rate the current level of financial and economic uncertainty as high or very high.

More than a third (36 per cent) felt more pessimistic about their companies' financial prospects than they did three months ago. When Deloitte first conducted the survey in spring 2015, only 18 per cent of respondents felt this way.

National trends showed that a substantial majority (78 per cent) of CFOs in the UK intend to decrease capital spending in the next 12 months. In Belgium, nearly seven out of ten finance leaders (68 per cent) feel confident enough to increase spending.

Various factors have come together to damage the confidence of many CFOs across Europe, including international trade disputes, geopolitical uncertainty and a general slowdown in the global economy.

Ian Stewart, UK chief economist at Deloitte, said: "While European equities have soared, risk appetite in the real economy among CFOs has dropped to a four-year low. Faced with an uncertain outlook, CFOs are shelving investment plans and doubling down on cutting costs."

Other key findings in the research showed that half (51 per cent) of respondents had experienced more pressure from clients and customers for businesses to take action on climate change.

Search for the latest management consultancy jobs and consulting recruitment opportunities, or contact us on +44(0)207 089 9017.

Share this story:
Add new comment
Jobs Related to this Post
5 result(s) found 
Page 1 of 1 

€40,000 - €60,000 plus excellent bonus...
Frankfurt, Germany
This opportunity is giving you the opportunity to join one of the most exciting and fastest growing start-ups in the FinTech sector, focused on the automotive industry
£65k - £80k plus good benefi...
Central London, good work/life balance...
Would you like to be part of a company with the energy of a start-up, but which competes with ‘The Big Four’ for clients?  Could you play a leading role in delivering digital transformation with
£90k-£130k plus excellent bo...
Central London
Delivery Director for Automation Services, Insurance and Financial Services - Central London£90k-£130k plus bonus, benefitsOur client is a leading provider of intelligent automation solutions that
£30k-£35k plus bonus, benefi...
London and South East
Role Description: Our client operates commercial drone flights and are a leader in the commercial application of drones and UAVs in the UK and interaitonally.  Within their deliveries business
£75k-£95k plus equity, benef...
Central London
The Manager of Operations will be responsible for cross-functional business operations (including organisational processes and data privacy) and clinic operations (including point of care