The main findings for Switzerland in brief
- Swiss CFOs (along with their counterparts in Germany and Denmark) seem significantly less concerned about the COVID-19 crisis than their peers in other parts of the world. Only 58% of respondents in Switzerland believe the outbreak has the potential to significantly impact their business operations, compared with 73% of their counterparts for all surveyed territories.
- The level of concern among respondents in Switzerland has decreased from 75% observed in the first survey wave to 58% in the second wave.
- Global recession, financial impact and effects on the workforce are ranked as the top-three concerns by respondents in Switzerland; this is largely in line with the overall sample.
- CFOs in Switzerland express the greatest degree of confidence across all surveyed territories in the long-term stability of their M&A strategy. Of the CFOs polled, 67% say that they don't expect to change their approach to M&A, compared with only 30% observed in the global sample.
- Nearly half (44%) of CFOs in Switzerland say their company plans to take advantage of government support programmes offered in response to COVID-19, which is considerably higher than in Germany (16%).
- Respondents in Switzerland have more bullish expectations about business ‘bouncing back’ than their counterparts in the overall sample: Of the Swiss CFOs surveyed, 72% expect a return to ‘business as usual’ within three months, compared with 56% of CFOs in the global sample.
- Compared with the first survey wave, the number of CFOs in Switzerland expecting a recovery in less than a month has declined considerably, from 65% to only 22% in the second wave.
To sum up, Swiss CFOs seem less concerned about the impact of COVID-19, thanks to a firmer belief in faster recovery and strong use of government support.