Tuesday, 07 February 2012 12:32
Written by Ciara Murphy

A new survey from PricewaterhouseCoopers has shown that 59pc of chief financial officers anticipate growth in revenue in their firms, with 55pc expecting growth in net profits and 35pc predicting capital investment levels will grow.
The results showed some mixed reports however, with approximately a third of respondents expecting costs to decline while a similar amount expecting costs to increase. Similarly, around 35pc surveyed believe employee numbers will grow, while 27pc expect them to decrease in the next twelve months.
Overall, 51pc said they did not expect any change in Ireland’s economic situation, however 11pc remain optimistic, predicting growth for the coming year.
CFOs also said they are planning to change their organisational structures and the way they make investment decisions in 2012. The survey identified controlling costs, maintaining margins and a lack of demand as the main challenges facing Irish businesses, with the majority of CFOs (85pc) saying access to finance has improved compared to six months ago.