SEB: Greater uncertainty and increased worry, but more initiatives for growth
(Thomson Reuters ONE) -
The Deloitte/SEB CFO index for September is still showing expansion but
continues to fall - down to 54.1 from 55.3 in the spring survey - and is now at
its lowest level since spring 2013.
Overall, the survey shows that uncertainty over the global economy looks to be
increasing, and companies therefore see greater challenges in their
international operations. The main worry continues to be companies' order
intake, followed by the global economy/political factors, but the survey also
shows diverse challenges for different sectors.
While the spring survey showed a certain reluctance by companies to implement
major changes to handle uncertainty, this autumn's survey shows some increased
activity.
"We see clearly that uncertainty among large-corporate CFOs has deepened. The
way forward to counter the assumed long-term decline seems to go through a
continued focus on cost reductions, but also investments in new products and
acquisitions in the coming year. However, despite the M&A interest, companies
remain careful in taking on more balance sheet risk," says Henrik Nilsson,
partner at Deloitte.
"The divergence between sectors is still notable, where companies with primarily
domestic focus are more positive than those with international focus. However,
the fall survey goes against past surveys by having answers moves toward the
center and away from the more both positive and negative views," says Karl
Steiner, Senior Strategist at SEB.
Financial position is the subarea that deteriorated the most since the spring
survey, which is notable not least given the fact that key economic data items
have not changed significantly. A likely explanation is that financial officers
view their financial position in relation to the increased uncertainty.
Regarding negotiations on Brexit, a large majority of respondents do not think
it will affect business in any significant way. If it does so, the effect is
seen as primarily increasing costs because of more complex rules.
The strong digitalisation trend leaves no large companies unaffected, and the
survey shows that for finance and accounting departments it is mostly
streamlining of processes that is expected.
Method: The survey was conducted in September and consisted of a total of 15
questions in such areas as business climate, strategic priorities, employees,
financial strength and the lending attitudes of banks and other financial
institutions. The Deloitte/SEB CFO Survey aims to reflect changes in sentiment
among Swedish-based CFOs and thereby create an understanding of economic and
financial trends. It is published two times a year. The full report is available
at www.sebgroup.compress and www.deloitte.se
+-----------------------------------+------------------------------------------+
|For more information contact |Press contact |
|Karl Steiner, Senior Strategist, |Anna Helsén, Press chef SEB |
|SEB |+46 70 698 48 58, anna.helsen(at)seb.se |
|+46 70-332 31 04 |Christer Ahlgren, counselor, Clients & |
|karl.steiner(at)seb.se |Markets, Deloitte |
|Henrik Nilsson Partner, Deloitte |+46 708 14 23 20, |
|+46-73-379 11 02, |christer.ahlgren(at)deloitte.se |
|henilsson(at)deloitte.se | |
+-----------------------------------+------------------------------------------+
SEB is a leading Nordic financial services group with a strong belief that
entrepreneurial minds and innovative companies are key in creating a better
world. SEB takes a long term perspective and supports its customers in good
times and bad. In Sweden and the Baltic countries, SEB offers financial
advice and a wide range of financial services. In Denmark, Finland, Norway and
Germany the bank's operations have a strong focus on corporate and investment
banking based on a full-service offering to corporate and institutional
clients. The international nature of SEB's business is reflected in its
presence in some 20 countries worldwide. At 30 June 2016, the Group's total
assets amounted to SEK 2,677 billion while its assets under management
totalled SEK 1,657 billion. The Group has around 15,500 employees. Read more
about SEB at www.sebgroup.com
Press release (PDF):
http://hugin.info/1208/R/2048064/765680.pdf
CFO Survey Fall 2016:
http://hugin.info/1208/R/2048064/765673.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SEB via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 11.10.2016 - 08:01 Uhr
Sprache: Deutsch
News-ID 499676
Anzahl Zeichen: 5429
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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