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Thus, nearly two-thirds of the CEOs (62%) of medium-sized companies in eight European countries expect business growth to be between 6% and 10%, while 24% of them target 11% -15% Over the next 12 months
According to the study, encouraged by the greater confidence in Europe since the global financial crisis of 2007-2008, CEOs of mid-sized European companies intend to draw away from this situation and are not impressed by the concerns. "
" European business leaders are gearing up for a year of optimistic growth, they are more dynamic and more willing to adapt to change in a global economy, superior to their counterparts in the world. Europeans are anticipating change and transforming their business by investing, expanding and adopting highly diversified technologies and human resources, "said Andy Baldwin, EY Partner Coordinator for EMEIA.
The study shows that development ambitions are at the highest level Russia and the Netherlands, with 38% of the leaders of medium-sized companies in both countries predict increases of more than 11% in the 12 next few months
Germany and France, Europe's largest economies, are not far behind, with 31% of medium-sized companies forecasting increases of more than 11% in both markets. The proportion of UK-based medium-sized companies with growth objectives of more than 10% is lower (24%), the uncertainty generated by Brexit continuing to impress their expectations.
Regarding enlargement At the international level, France ranks first, with 33% of respondents intending to enter a new foreign market. In the United Kingdom, only 16% of medium-sized managers consider cross-border expansion as a priority.
"According to the results of the study, Brexit continues to have a significant overall impact on medium-sized businesses in England, (19%) rather than international expansion," said the authors of the document.
Given the focus on cross-border expansion, the leaders of mid-sized European companies consider that slow or stagnant global growth represents the main external risk (28% of the total). 39; sample), 18 percentage points more than in 2017 and 4% more than in the rest of the world. This is considered a much higher risk than others, such as geopolitical uncertainty (9%) and significant barriers to trade (2%).
The study also revealed that technology represents the largest change in the level of medium-sized enterprises in Europe in 2018. If last year, 70% of middle-class leaders in the region said that they would never adopt the automation of robotic processes, today more than 75% of them declare to adopt artificial intelligence in the next two years . In fact, 97% of all medium-sized businesses in Europe plan to adopt AI over the next five years, which places the region at the forefront worldwide in the adoption of cognitive technologies and technology. 39, Automated Learning
"However, few of Europe's mid-sized companies are incorporating into these change plans an appropriate strategy to combat imminent cyber threats: only 7% of the region's industry leaders are investing in technologies aimed at to reduce cyber risks and only 5% consider that a significant obstacle to development ", estimates the document cited.
Optimistic about revenue growth, more than a third of leaders of European medium-sized companies (37%) have the intention to work full time and no one intends to do it.to reduce the working population [19659002] EY is one of the largest companies in Worldwide professional services with 250,000 employees in more than 700 offices in 150 countries and revenues of approximately $ 31.4 billion for the fiscal year ended June 30, 2017. [19659002] EY hired Euromoney Institutional Investor Thought Leadership to conduct an online survey of 2,766 senior executives (60% of CEOs, founders or directors) from companies in 21 countries, with annual revenues ranging from $ 1 million to $ 3 billion. The study was conducted between January 15 and March 1, 2018. The countries included in the Europe region were Belgium, Finland, France, Germany, Italy, the Netherlands, and the United States. Low, Russia and the United Kingdom, where 863 executives were interviewed
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