LeaseEurope and Invigors: 80% expect higher new business volumes in 2017
European businesses are mostly positive about performance in 2017, with 80% expecting new business volumes to rise, according to a survey by Leaseurope and Invigors Europe, the Middle East and Africa (EMEA).
The ‘Leaseurope/Invigors European Business Confidence Survey December 2016’ found 67% of Leaseurope members did not expect a rise in bad debt, and 11% expected it to fall.
The 2016 survey showed increased optimism on the previous year, with the proportion of respondents expecting rising margins up to 22% from 16%, while 51% anticipated no change in their company’s margins.
Just over half of the respondents, 51%, anticipated an increase in net profits over the following six months, while 21% expected a fall.
The survey found that European businesses anticipated more competition, with 36% believing that domestic competition from new entrants was more likely, an increase from 26% recorded in June 2016.
The respondents expected expenditure to remain largely stable in the first half of 2017, with 72% expecting training expenditure to remain unchanged, 40% expecting IT expenditure to stay constant, and 60% anticipating no change in expenditure for marketing.
Staffing levels were largely not expected to fall, with 48% expecting no change in sales staff and 39% expecting a rise. For sales staff, 43% expected numbers to remain stable, and 24% expected an increase.
Invigors EMEA partner Richard Ryan said: “This latest Business Confidence Survey suggests that the European leasing industry should enjoy a positive start to 2017.
“Recent political challenges in the US and UK do not appear to have dented sentiment in the European leasing market, though it will be interesting to see if this resilience is maintained in the aftermath of the upcoming elections in France, Germany, and the Netherlands.”
Free download worth over $5000
Download our 2018 Technology, Media and Telecoms Predictions Report
Worth up to $5,850
In this report, we look at the 30 big tech themes for 2019, identifying winners and losers for each theme. This report will impact all industries helping:
CEOs/Senior Staff: in all industries understand the disruptive threats to their competitive landscape
Investors: Helps fund managers focus their time on the most interesting investment opportunities in global TM
Subscribe to Leasing Life
Personal or enterprise-wide login credentials
Breaking news alerts
Weekly curated news and analysis email summary
In-depth special reports on key trends and developments
Monthly email or print delivery of the subscriber only edition
Country profiles and analysis
Opinions & blogs from market participants and key thought leaders
Exclusive interviews and market profiles
Get breaking news alerts, daily analysis, email summary and in-depth special reports on key trends and developments