2 days ago
One in five Irish CFOs expect revenues to fall
Optimism levels among Ireland's CFOs have weakened significantly over the past year.
Deloitte's latest CFO survey reports just 28% of Irish respondents say they are more optimistic about their company's financial prospects than three months ago. That figure is down from 60% in spring 2024, and only a modest recovery from the 19% recorded in autumn 2024.
Based on responses from 1,542 chief financial officers across 14 European countries, the survey also reports 60% of CFOs now report operating in a high-uncertainty environment, up from 53% in spring 2024.
The Netherlands, Portugal and Ireland have the highest number of CFOs saying they are less optimistic, while Germany had the highest number of CFOs feeling more optimistic (45%).
In Ireland, one in five CFOs (22%) expect their revenue to fall, while 45% say they expect to see their revenue increasing over the next 12 months, slightly lower than the European average of 52%.
Tom Hynes, Deloitte Ireland partner, says finance leaders are now facing a markedly more volatile global landscape: 'Geopolitics is clearly weighing on CFO sentiment. The changes to global trading structures now mean there is enhanced geopolitical shifts, and the vast majority of CFOs in Ireland now expect tariffs and global tensions to directly affect their operations," he said.
