Top financial managers in Western Europe are depressed after the pandemic

By: Trademagazin editor Date: 2020. 08. 18. 11:10

While at the beginning of the year the financial managers of Western European companies dealt with development investments and reported good profit prospects this year, now securing the funds needed for the day-to-day operations of companies and managing short-term debt and inventories is more important, while profit expectations are more pessimistic. Two-thirds of financial decision-makers surveyed indicated that late payments are a problem in recent research by credit insurer Euler Hermes.

Euler Hermes, Hungary’s leading credit insurer, conducted a survey among corporate finance executives on how management priorities for 2020 have changed and how business confidence has changed as a result of the pandemic. The research was first conducted in February 2020 and then repeated in May in the UK, France, Germany and Italy, interviewing nearly a thousand senior corporate finance executives.