Download - Baltic CFO Survey 2014
Baltic CFO Survey 2014Allan Parik, Head of Corporate Banking in Baltic
Ainārs Ozols, Head of SEB in Latvia
Background of the survey
• Conducted for the first time by SEB
• Conducted by SEB/Deloitte also in
Sweden for a couple of years
• Around 200 customers with turnover
above 20 million euros in Baltics have
participated
• Survey was conducted during end
February/beginning of March
2014-04-08 | BALTIC CFO SURVEY 2014
Pragmatic view on future business conditions
7%
3%
8%
10%
42%
41%
33%
53%
49%
52%
57%
37%
3%
2%
0%
Not so favourable Average Favourable Very favourable
Baltic
| BALTIC CFO SURVEY 20142014-04-08
Assessment of business conditions in the next 6 months of the company
2%
The crises has helped to «clean the house»
Baltic 8%
3%
10%
12%
23%
24%
20%
24%
59%
61%
61%
54%
10%
11%
8%
10%
Not so favourable Average Favourable Very favourable
| BALTIC CFO SURVEY 20142014-04-08
Assessment of the overall financial position of the company
Financial stability might be also impacted by positive cooperation with banks
Baltic 8%
8%
8%
7%
21%
21%
20%
22%
56%
60%
57%
49%
15%
11%
14%
22%
Not so favourable Average Favourable Very favourable
| BALTIC CFO SURVEY 20142014-04-08
The lending attitude of financial institutions towards the company
Demand in the future is the greatest concern
53%
42%
17%
24%20%
12% 12%8%
55%
24%27%
31%
18%14%
6%
14%
44%
22% 29%19% 19%
23%
19%
3%
Estonia Latvia Lithuania
Demand Labor cost Cost of raw material
/ commodities
Skilled labor
shortage
Foreign competition Access to
capital
Interest
rates
Exchange
rates
| BALTIC CFO SURVEY 20142014-04-08
Greatest concerns for the companies in 2014
Rather stable or max 10% increase for cash flow
3%
2%
4%
3%
8%
7%
8%
8%
24%
23%
18%
29%
47%
47%
47%
47%
18%
20%
22%
12%
Increase by more than 10% Increase by 0-10%Remain unchanged from current levels Decline by 0-10%Decline by more than 10%
Baltic
| BALTIC CFO SURVEY 20142014-04-08
Cash flow changes in the company over the next 12 months
Future perspectives influence the increase of employees
Baltic 8%
4%
6%
15%
59%
59%
51%
66%
33%
37%
43%
19%
Decline Be unchanged Increase
| BALTIC CFO SURVEY 20142014-04-08
Changes in the number of employees in the company in the next 6 months
New investments vs paying down debts
12%
10%
10%
15%
4%
13%
27%
24%
38%
22%
10%
10%
4%
15%
44%
47%
35%
47%
Dividend to shareholders Financial investments abroadFinancial investments in your domicile country Pay down debtStrategic investments abroad Strategic investments in your domicile country
Baltic
2%
4%
5%
| BALTIC CFO SURVEY 20142014-04-08
The usage of current cash surplus in the next 6 months
77% of large companies believe Baltic competitiveness has improved
Baltic 7%
8%
2%
10%
16%
8%
24%
20%
77%
84%
73%
69%
Worsening No change Improving
| BALTIC CFO SURVEY 20142014-04-08
Competitiveness of the Baltic economies versus the European economy in 2020
The future of the European economy in 2020
Baltic 15%
10%
29%
10%
18%
16%
8%
29%
68%
74%
63%
61%
Negative No change Positive
| BALTIC CFO SURVEY 20142014-04-08
Companies are having rather different view on geographical balance
Baltic 34%
40%
37%
24%
29%
31%
24%
29%
37%
29%
39%
47%
Narrowing No change Widening
| BALTIC CFO SURVEY 20142014-04-08
Outlook on the imbalance between the north and the south of Europe in 2020
Thank you! Your questions?Allan Parik, Head of Corporate Banking in Baltic
Ainārs Ozols, Head of SEB in Latvia