EY: More companies bet on growing business in 2014

Newsroom 10/02/2014 | 12:51

A new Ernst & Young study shows that 40% of Romanian business leaders are confident in the growth of their businesses in 2014, up from just a quarter of them in 2013. 28% of respondents foresee a significant growth of +10 to +30% for their company’s turnover in 2014 compared with 25% in 2013, while 67% expect a growth rate of +5 to +10%, compared with just 51% at the beginning of last year.

Only 21% of the respondents expect the profit growth rate of their company to range between +5 to +10% in 2014 compared with 37% in 2014, but a lower percentage of 26% vs. 31% in 2013 expect the profit of their company to grow between +10 to +30% in 2014. At the beginning of 2014, 2% of respondents say the salary increase in their company is expected to exceed 10%, the same percentage as last year.

Most importantly, while 42% said there would be no salary increase for them in 2013, only 19% say the same at the beginning of 2014. Unlike last year, when most companies (76%) said that they would continue to stay on the market if it declined, in 2014 only 56% say the same.

A still high percentage of companies (56% in 2014 vs. 46% in 2013) though, are willing to transform the market through innovative approaches in case such a decline occurs This year as well, the main companies’ strategy for financing investments appears to be through bank loans (49% in 2014 vs. 46% in 2013). The intercompany loans, own resources and reinvested profit are expected to increase to 39% in 2014 compared to 27% at the beginning of 2013.

BR Magazine | Latest Issue

Download PDF or read online: July 2023 Issue | Business Review Magazine

The July 2023 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “At a Crossroads: Budget Deficit Endangering Romania’s Economic
Newsroom | 31/07/2023 | 14:14

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu

    I agree with the storage and handling of my data by business-review.eu

    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue