PwC’s COVID-19 CFO Pulse Survey

PwC Cyprus Findings - 12 May 2020

ff f

PwC in this bi-weekly survey, is tracking sentiment and priorities about the COVID-19 outbreak among CFOs.

In the graphs you can see the percentages that amount to the total number of CFO responses.

867 CFOs participated in this round of the CFO Pulse survey, across 24 territories: Central and Southern Africa, Brazil, Caribbean, China/ Hong Kong, Cyprus, Czech Republic, Denmark, France, Germany, Greece, Kazakhstan, Malaysia, Malta, Mexico, Middle East1), Netherlands, Portugal, Singapore, Slovakia, Sweden, Switzerland, Turkey, US, Vietnam.

Download the full CFO Pulse Survey

View additional survey results:

Cyprus COVID-19 CFO Pulse reports:

28 April 2020

Global COVID-19 CFO Pulse reports:

   11 May 2020

   28 April 2020
   13 April 2020
   30 March 2020

Key Findings

42%

42% of CFOs in Cyprus expect a decrease in revenue of up to 25% as a result of COVID-19, while only 3% of them expect an increase in their revenues.

52%

52% of the respondents believe that their company could return to ‘business as usual’ within three months if the crisis were to end today while only 10% believe that it will take more than a year.

83%

83% of CFOs in Cyprus are most confident in tactical measures to ensure safety of customers and employees.

59%

59% of CFOs in Cyprus think work flexibility will make their company better in the long run followed by technology investments (52%).


Round 1 / Round 2

April 28, 2020
May 12, 2020

What impact do you expect on your company’s revenue and/or profits this year as a result of COVID-19?

April 28, 2020
May 12, 2020
Increase revenue and/or profits
%
%
Decrease revenue and/or profits
%
%
We do not expect any impact to revenue and/or profits
%
%
It is difficult to assess at this point
%
%

If COVID-19 were to end today, how long would you estimate it would take for your company to get back to “business as usual”?

April 28, 2020
May 12, 2020
Less than a month
%
%
1 to 3 months
%
%
3 to 6 months
%
%
6 to 12 months
%
%
More than 12 months
%
%

As a result of COVID-19, which of the following does your company expect to occur in the next month?

April 28, 2020
May 12, 2020

Higher demand for employee protections (e.g., including sick leave policies, increase demand for benefits, discrimination)
%
%
Productivity loss due to lack of remote work capabilities
%
%
Insufficient staffing to accomplish critical work (workforce capacity)
%
%
A change in staffing due to low/slow demand (temporary furloughs)
%
%
Separation of staff (layoffs)
%
%
Other
%
%

Contact us

Constantinos Constantinou

Partner - Head of Advisory, PwC Cyprus

Tel: +357-22555245

Hide