You know best what the company is like: the CFOs. Because the sack masters have an insight into all cash registers, see what comes out – and above all, what comes in, have an overview of the cash flows. And in the times of Corona they ran into thin rivulets.
In neither the euro crisis nor the franc shock, the CFOs were as negative regarding the economic outlook as they are today, the consulting firm Deloitte said in its semi-annual CFO survey.
The surveys have shown a cooling off for almost two years, but now there has been a downright crash. For example, 97 percent of the chief financial officers surveyed after mid-March expect the economy to develop negatively over the next 12 months – and 41 percent of them even expect a strongly negative dynamic.
In addition, a good two thirds (67 percent) see a negative financial development coming to their company and only 15 percent a positive one. 93 percent rate the future of their company as less rosy than three months ago.
And more than three quarters (78 percent) expect a decline in sales, and more than half (52 percent) a decrease in the workforce within a year.
Boost in digitization expected
However, the majority of Swiss CFOs are actively addressing the crisis, as the survey further shows. For example, 91 percent of the companies have taken measures to curb the weak growth – the most frequently mentioned were cost savings and revenue generation.
And the really successful companies are already grappling with the time after the crisis, says Alessandro Miolo, who is responsible for the CFO program at Deloitte. «They examine possible purchases or sales of parts of the company and implement the necessary internal changes in a targeted manner. I expect a major surge in digitization as a result of the corona crisis, »says Miolo. (SDA / koh)