Today we launched the seventh edition of the European Family Business Barometer in partnership with KPMG Enterprise. Our survey, which received more than 1500 contributions from family companies across all the continent, underlines how family businesses are still growing.

Key highlights:

  • 73% of respondents are confident in the future of their company, while 19.5% are neutral and only 6.04% define themselves as┬ánegative.
  • While overall confidence is up in Europe, the UK was an exception with an evident drop of the confidence (from 83% in 2017 to 68% this year) due to the ongoing Brexit negotiations.
  • 64% of the respondents indicated an increased turnover over the past 12 months, while only 11% reported a negative one.
  • The top priorities for the next two-year period are improving profitability (49%), increasing turnover (38%) and attracting new talent (27%).
  • 53% of respondents reported the war for talent one of the biggest concerns, while it was 43% in 2017 and 37% in 2016. The other main challenges are political uncertainty (36%) and increased cost of labor (36%).
  • The international expansion seems to be postponed: only 36% of respondents increased their activities over the past year, while it was 44% in 2017 and 65% in 2016.