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Poor payment practices and outstanding payments strangle investment
Domino effect of payment defaults and delays impacts on economic growth in Europe / Every fourth company in Europe not investing due to outstanding payments
The boomerang of payment delays: Companies respond by cutting staff and raising prices
Poor payment practices can have a boomerang effect / Consumers who do not pay their bills harm everyone – the majority that pay on time and themselves / Companies affected by late or unrecoverable payments often react by raising prices or cutting staff to...
Europe-wide risk of lost revenue if debt collection is not performed
Working with debt collection providers reduces liquidity risks for companies / In 2016, eight percent of business revenue was secured and reinvested in the economic cycle thanks to receivables management / Recovered debts safeguard and create jobs
After 10 years of positive development: Payment practices in Europe are not showing further improvements
The percentage of payments made on time throughout Europe has been continually increasing since 2007: Today, 78% of all customers pay their invoices within the specified deadline. Companies are nevertheless suffering financial losses. 3% of all outstanding...
EOS Survey 2016 / Special Report - European market: Germany benefits the most
For both Western and Eastern Europe, Germany is the most important international trade partner / Companies identify regulatory barriers despite EU simplifications / EOS Survey shows risk map for bad debt in Europe
EOS Consolidated impresses with outstanding result
Hamburg, 15 August 2016 – EOS Consolidated, which is headquartered in Hamburg, recorded a successful performance in fiscal 2015/16. Its EBT of EUR 181.4 million was well above the previous year’s result. The international debt collection company was also...
EOS awarded ‘A’ rating for the twelfth time
Hamburg, 1 August 2016 – An impressive credit standing: this was the verdict of Euler Hermes Rating in the summer of 2016 following its audit of EOS Holding, making it the twelfth time in succession that the debt collection specialist has received an ‘A‘...
Euler Hermes and EOS announce the sale of its joint venture Bürgel to CRIF
Closing expected in February 2016; Current shareholders Euler Hermes (50.1%) and EOS (49.9%) intend to sell 100% of their shares to CRIF, with a closing expected in February 2016; International business information group CRIF is an ideal candidate and...
EOS Survey “European Payment Practices” 2015
Companies respond to uncertainties in international business by tightening up payment terms. Half of all companies in Europe are restricting their payment terms for international customers / Every fifth company is expecting an increase in foreign...