Report surveys more than 1,100 family business owners across Europe, uncovering their continued confidence for the future.
Report surveying more than 1,100 responses from family business owners across Europe...
Our annual Barometer, a joint-partnership between KPMG and European Family Businesses (EFB), shows confidence levels amongst family businesses continues to be gaining momentum. Now in its sixth edition, the survey received more than 1,100 responses from family business owners across Europe (including Cyprus) and proved that, despite ongoing challenges, family businesses are confidently moving forward and planning to reinvest their profits into their business as well as seeking new opportunities that will enable them to foster sustainable growth.
As Europe moves away from the 2008 debt crisis and shows continued recovery, the optimism of these business owners remains steady. In this report, we see that 71% of family businesses showed overall confidence in their economic outlook for the year ahead. Looking back over the past year, it’s been a good period for many businesses, with the majority reporting positive results. Increased turnover was also reported by 57% of respondents, with only 13% experiencing a decline over the last 12 months.
Several highlights emerged throughout the European report analysis, including:
Concerning Cyprus results, some of the important highlights include:
Please see the final report for Cyprus attached with a full analysis of the results and trends identified from the companies surveyed, including the respondents’ profiles.