CFO’s in Portugal more pessimistic over financial prospects

Some 44 of chief financial officers are less optimistic about the financial prospects for their companies, almost double on last autumn (23%) which puts Portugal with a net balance of -21, more than double the European average (-10), according to a study by Deloitte.

Despite the general pessimism, the net balance for expectations of growth in revenues in Portugal was +42%, above the European average (+29%), showing resilience from a commercial performance point of view.

Digitalisation has remained the main strategic priority for CFOs in Portugal since 2020, exceeding defensive strategies such as a reduction in costs which is the main priority in Europe and rises to second place in Portugal.

CFO sentiment in Europe is deteriorating, with the proportion of those with a less optimistic outlook increasing from 27% to 33%. 

In Portugal, this trend is even more evident, with 44% of CFOs expressing a more cautious view, almost double the 23% recorded last fall. 

The percentage of the most optimistic remains stable at 23%, both in Portugal and in Europe, although at the European level this percentage represents a decrease compared to the 28% registered in the fall of 2024. 

Almost half (45%) still maintain a neutral stance, reflecting a cautious outlook, as well as an expectation of stability in the face of their companies’ financial prospects.