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Credit Insurance

Euler Hermes finishes 2014 with good results

By CreditMan Friday, February 20, 2015

  • Turnover up 1.7% at constant exchange rates: €2.5 billion
  • Ordinary operating income, up 1.1%: €436.2 million
  • Net income +8.7% on a comparable basis: €302.1 million (-3.7% versus 2013 published result)
  • Proposed dividend up 4.8% versus previous year: €4.4 per share

“In 2014, Euler Hermes again demonstrated its leadership”, said Wilfried Verstraete, Chairman of the Euler Hermes Board of Management. “After an optimistic start, the economic environment was ultimately a disappointment this year, particularly in Europe. Euler Hermes’ answer was to focus on market expansion outside Europe, to innovate in both product and distribution, and to maintain vigilance on risk. In a challenging market, this strategy enabled us to both continue growing and deliver solid results once again.”