INTRODUCTION CFOs and CHROs reveal increasing optimism for the recovery From June 15-July 9, 2021, AchieveNEXT surveyed a cross-section of U.S.-based emerging and mid- market Chief Financial Officers and Chief Human Resources Officers about their enterprises’ current and projected financial outlook, with particular focus on business strategy, people, technology, and risk. The survey revealed the depth and breadth of an extraordinary recovery. The results of 2021 to date have more than borne out predictions at the beginning of the year. At that time 72% of respondents in the AchieveNEXT Annual Sentiment Study said they expected higher revenues and 62% higher EBITDA. At the year’s midpoint, CFOs and CHROs expect to exceed those targets slightly, but—remarkably—more than half now predict revenues will increase more than 10%. Indeed, 18% say that as of June 2021 they are already running at least 10% ahead of the plans they made at the beginning of the year, while an even higher number, 22%, say EBITDA is more than 10% ahead of plan. No wonder 80% of respondents feel bullish about their enterprise’s prospects, and only 3% bearish.
Revenue Growth in 2021
July 2021 - 50%+ are predicting additional double digit growth for the remainder of 2021.
January 2021 - 72% committed to optimistic revenue growth
2021
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