Automotive Executive Barometer Jakub Faryś Mirosław Michna 14 December 2017 KPMG.pl PZPM.org.pl
Automotive Executive Barometer survey Internet Survey Addressed to automotive companies located in Poland 53 respondents answered 6 questions Closed questions of one or multiple choice The survey was conducted in November The survey was conducted by KPMG and PZPM Respondents company profile: A manufacturer of motor vehicles, trailers and semi-trailers or components, parts and accessories 44% A distributor of motor vehicles, trailers and semi-trailers or components, parts and accessories 56% 0% 10% 20% 30% 40% 50% 60% 2
Automotive executives sentiment Automotive Executives Sentiment Indicator 90 80 85 (-4)* 79 (0) 82 (-1) 70 60 58 60 (-3) (-3) 59 (-4) 59 (+3) 59 59 (+1) (-2) 50 40 30 20 10 0 Manufacturers Distributors Manufacturers and Distributors Industry's current sentiment indicator Industry's future sentiment indicator Indicator of the future economic situation A result of more than 50 points signifies the prevalence of optimistic opinions. With regard to the future, a result of more than 50 points means improvement compared with the current situation. *Compared with the previous survey 3
Poland s economic situation How do you expect Poland s economic situation to change in the next 12 months? Manufacturers Distributors 8% 17% 25% 35% 54% 48% Definitely improve Improve Remain unchanged Deteriorate Definitely deteriorate Definitely improve Improve Remain unchanged Deteriorate Definitely deteriorate 4
Current state of the automotive industry What in your opinion is the current state of the automotive industry in Poland? Manufacturers Distributors 67% (+6) 52% (-2) 34% (+3) 21% (0) 8% (-10)* 10% (0) 4% (+4) 3% (+1) 0% (-2) Very good Good Neutral Bad Very bad *Compared with the previous survey (percentage point) 5
Future condition of the automotive industry How do you expect the automotive industry s situation in Poland to change in the next 12 months? Manufacturers Distributors 58% (-10) 55% (+1) 25% (+4) 31% (-3) 4% (+4)* (+2) 0% (-2) 10% (0) 3% (+4) Definitely improve Improve Remain unchanged Deteriorate Definitely deteriorate *Compared with the previous survey (percentage point) 6
Company s future situation In the next 6 months your company will: Manufacturers Investment outlays 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 2% 2% 40% Revenues 2% 14% 26% Employment level 7% 19% Sales volume 2% 16% 21% Exports 2% 16% 26% Definitely increase Increase Remain unchanged Decrease Definitely decrease 7
Company s future situation In the next 6 months your company will: Distributors 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Network s Revenues 4% 8% 33% 54% Employment level 0% 42% 46% Sales volume 8% 33% 46% Number of showrooms 0% 8% 17% 71% Number of car servicing garages 0% 4% 79% Definitely increase Increase Remain unchanged Decrease Definitely decrease 8
Issues What are the major issues the automotive sector in Poland will face within the next 6 months? Manufacturers Changes in the law Labour cost 60% 65% Recruiting skilled staff 50% Increased competition 45% Recruiting production/assembly staff Political and economic situation in Poland 40% 40% Political and economic situation abroad 30% Investment outlays required to remain competetive 20% Cost of access to external financing Bureaucracy Other 15% 15% 15% 9
Issues What are the major issues the automotive sector in Poland will face within the next 6 months? Distributors Recruiting technical staff Cost of Labour Changes in the law Recruiting sales and administrative staff Political and economic situation in Poland Increased competition Inflow of used cars Bureaucracy Currency volatility Market consolidation Political and economic situation abroad Cost of/access to external financing Other 4% 4% 21% 29% 33% 42% 50% 58% 58% 71% 10
Jakub Faryś President PZPM T: +48 22 322 71 98 E: jakub.farys@pzpm.org.pl Mirosław Michna Partner, Tax Head of Automotive KPMG in Poland T: +48 12 424 94 09 E: mmichna@kpmg.pl KPMG Poland kpmg.com/app 2017 KPMG Sp. z o.o. jest polską spółką z ograniczoną odpowiedzialnością i członkiem sieci KPMG składającej się z niezależnych spółek członkowskich stowarzyszonych z KPMG International Cooperative ( KPMG International ), podmiotem prawa szwajcarskiego. Wszelkie prawa zastrzeżone. Nazwa i logo KPMG są zastrzeżonymi znakami towarowymi bądź znakami towarowymi KPMG International. Informacje zawarte w niniejszej publikacji mają charakter ogólny i nie odnoszą się do sytuacji konkretnej firmy. Ze względu na szybkość zmian zachodzących w polskim prawodawstwie i gospodarce prosimy o upewnienie się w dniu zapoznania się z niniejszą publikacją, czy informacje w niej zawarte są wciąż aktualne. Przed podjęciem konkretnych decyzji proponujemy skonsultowanie ich z naszymi doradcami. Poglądy i opinie wyrażone w powyższym tekście prezentują zapatrywania autorów i mogą nie być zbieżne z poglądami i opiniami KPMG Sp. z o.o. 2017 Polski Związek Przemysłu Motoryzacyjnego jest organizacją zrzeszającą pracodawców reprezentujących: oficjalnych importerów, przedstawicieli producentów lub producentów pojazdów samochodowych, motocykli, motorowerów oraz czterokołowych pojazdów motocyklowych, a także producentów nadwozi, przyczep, naczep oraz części, zespołów lub elementów pojazdów samochodowych, przeznaczonych do pierwszego montażu, prowadzących działalność na terytorium R.P.