Post by Nicolas Longin
Group CFO at Welser Profile
โ๏ธ ย ๐ ๐ ๐ซ๐ข๐๐๐ฒ ๐ฆ๐จ๐ซ๐ง๐ข๐ง๐ ๐ฌ๐ญ๐จ๐ซ๐ฒ ๐๐ฆ๐จ๐ง๐ ๐ญ๐ก๐ ๐๐ฅ๐จ๐ฎ๐๐ฌ Early Friday morning on a red-eye flight, my mind and body are somewhere between half asleep and half awake. Next to me, a slightly snoring fellow traveller โ strangely comforting, reminding me that Iโm not the only one in this in-between state. The steady rhythm of his snoring pulls my thoughts into reflection, reviewing the past years. With 2025 almost at an end, I realize I have now spent 20 years working in and for Austrian companies. These years were not without challenges โ the financial crisis in 2008, Corona in 2020, and a prolonged recession since 2022. Still, it has been a good journey, and I am grateful for it. Chances are I will work for another 20 years. That puts me right in the middle of my career. Working at Welser Profile taught me to think in generations rather than quarters. And so, somewhere above the clouds, reading the newspaper, one question emerges: ๐๐ก๐๐ซ๐ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐ ๐ฌ๐ญ๐๐ง๐ ๐ข๐ง ๐๐ ๐ฒ๐๐๐ซ๐ฌ? ๐ฆ๐น ๐ What Austria does exceptionally well 1๏ธโฃ A wonderful country Attractive cities, breathtaking regions, and a high quality of life. Austria is a place people want to live in, visit, and stay in โ something no balance sheet can fully capture. 2๏ธโฃ People with substance Over the years, I have met countless skilled, reliable, and innovative people. Many genuinely want to contribute to an outstanding future. 3๏ธโฃ Hidden champions World-class products and global market leaders, often under the radar โ yet technically excellent and internationally respected. โ ๏ธ Where Austria is holding itself back 1๏ธโฃ Tax burden High taxes for individuals and companies are understandable โ as long as the services delivered match the contributions. When, for example, waiting times for doctorโs appointments become excessive, even in critical situations, concerns arise. 2๏ธโฃ Structure and organization of the country Too fragmented, too slow, and too complex for todayโs pace of change. The political structure often makes real transformation feel almost impossible โ and that is coming from a Belgian, used to three official languages, multiple regions, governments, and parliaments ๐ 3๏ธโฃ A missing sense of urgency Things still work โ and that is exactly the risk. Comfort can delay necessary decisions. ๐ ๐๐ก๐ ๐ฐ๐๐ฒ ๐๐จ๐ซ๐ฐ๐๐ซ๐ There is no single silver bullet. But the direction is clear: innovate, be bold, and work hard. Challenge habits, simplify structures, think beyond election cycles โ and think in generations. ๐ ๐ซ๐๐๐ฅ๐ข๐ณ๐ ๐ญ๐ก๐๐ญ, ๐ข๐ง ๐ฆ๐ฒ ๐ฉ๐ซ๐จ๐๐๐ฌ๐ฌ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ ๐ฉ๐ซ๐ข๐ฏ๐๐ญ๐ ๐ซ๐จ๐ฅ๐๐ฌ, ๐ ๐๐ฆ ๐ฃ๐ฎ๐ฌ๐ญ ๐ ๐๐ซ๐จ๐ฉ ๐จ๐ ๐ฐ๐๐ญ๐๐ซ ๐ข๐ง ๐ญ๐ก๐ ๐จ๐๐๐๐ง. ๐ง ๐๐ฎ๐ญ ๐ ๐ฐ๐๐ง๐ญ ๐ญ๐จ ๐๐ ๐ญ๐ก๐๐ญ ๐๐ซ๐จ๐ฉ. ๐ ๐๐จ ๐ฒ๐จ๐ฎ ๐ฐ๐๐ง๐ญ ๐ญ๐จ ๐๐ ๐ญ๐ก๐๐ญ ๐๐ซ๐จ๐ฉ ๐ญ๐จ๐จ?