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SEB : Deloitte/SEB CFO Survey Sweden: Gaining optimism, but dampened hiring

 SEB : Deloitte/SEB CFO Survey Sweden: Gaining optimism, but dampened hiring

An overwhelming majority of surveyed CFOs, nine out of ten, believe business
conditions are average or better than average. This means finance chiefs in
Sweden are clearly more optimistic than in spring, according to the latest
Deloitte/SEB CFO Survey.

The survey weighs CFO viewpoints in areas such as business climate, financial
position, access to finance and key business risks. All areas in the latest
survey show clear improvement from the previous survey in February.
Overcapacity and demand are concerns. These will likely dampen hiring in the
next six months, CFOs believe.

"All in all, we note a shift from cautiousness to stability and see signs that
strategies are turning from defensive to strategic. The general trend is a
shift towards strategic investments, such as M&A, from financial investments.
Data suggest CFOs are gaining confidence and have improved access to
financing. Worry over balance sheets has also eased," says Johan Lindgren
within Credit Strategy at SEB.

Nearly 70% of surveyed CFOs expect higher capacity utilisation the next twelve
months, and believe the Nordic region has the best conditions for growth.

"Increased self-confidence and a positive outlook on growth opportunities
combined with good access to capital and a lower level of risk should make for
an interesting autumn ahead. However, the positive signals will likely not
lead to increased employment in Sweden in the near term," says Tom Pernodd,
partner at Deloitte.

This unique survey aims to reflect changes of sentiment in the financial
environment and facilitate understanding of economic and financial trends. The
survey was performed in August, in cooperation with Deloitte, and comprises a
total of 15 questions covering areas such as business climate, strategic
investments, employment, views on currencies and interest rates, financial
strength, and lending attitudes amongst financial institutions. Answers are
collected from a sample of CFOs from some of Sweden's largest companies. The
full report is available at www.sebgroup.com\press and www.deloitte.se.

For further information, please      Press contact
contact                              Anna Helsén, Press Officer
Johan Lindgren                       +46 70 698 48 58
Credit Strategist,                   anna.helsen@seb.se
Credit Strategy, Trading Strategy
+46 8-506 231 64
johan.y.lindgren@seb.se
Tom Pernodd                          Christer Ahlgren, counselor, Clients &
Partner, Deloitte                    Markets, Deloitte
+46-75-246 30 60                     +46 708 14 23 20
tpernodd@deloitte.se                 christer.ahlgren@deloitte.se
SEB is a leading Nordic financial services group. As a relationship bank, SEB
in Sweden and the Baltic countries offers financial advice and a wide range of
financial services. In Denmark, Finland, Norway and Germany the bank's
operations have a strong focus on corporate and investment banking based on a
full-service offering to corporate and institutional clients. The
international nature of SEB's business is reflected in its presence in some 20
countries worldwide. On June 30, 2013, the Group's total assets amounted to
SEK2,596 billion while its assets under management totalled SEK1,387
billion. The Group has about 16,000 employees. Read more about SEB at
www.sebgroup.com.

Deloitte/SEB CFO Survey
Press release PDF

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Source: SEB via Thomson Reuters ONE
HUG#1728375
 
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