Payment Periods in Europe - Euler Hermes

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Euler Hermes Economic Outlook n° 1182 | Special Dossier | Payment periods Annexe IV ▶ Detailed data, by sector Automobiles Client Supplier Client Supplier Cash flow payment payment payment period payment period tension period period growth indicator growth indicator indicator France 41 50 1% -12% -8 Germany 21 34 14% 45% -13 Spain 48 56 -27% 10% -8 Italy 37 75 -12% -4% -38 United States 42 79 -97% -86% -37 United Kingdom 31 34 56% 26% -3 Belgium 41 69 -6% 27% -28 Denmark 40 45 10% 33% -5 Norway 45 47 -23% 10% -2 Sweden 19 37 -47% 15% -18 Automotive Client Supplier Client Supplier Cash flow components payment payment payment period payment period tension period period growth indicator growth indicator indicator France 54 53 -21% -21% 2 Germany 36 24 0% -4% 12 Spain 83 52 -18% 2% 31 Italy 111 96 3% -2% 14 United Kingdom 68 41 -12% -30% 26 Belgium 67 49 -17% -14% 18 Denmark 55 20 -2% -5% 35 Norway 40 27 -33% -14% 13 Sweden 51 39 -26% -9% 12 Chemicals Client Supplier Client Supplier Cash flow payment payment payment period payment period tension period period growth indicator growth indicator indicator France 59 51 -11% -8% 8 Germany 46 29 -3% 1% 17 Spain 67 46 -30% -1% 21 Italy 93 63 -8% -9% 30 United States 61 41 22% 16% 20 United Kingdom 30 28 -15% 10% 3 Belgium 58 47 14% 7% 12 Denmark 57 29 11% 12% 28 Norway 40 31 1% 4% 9 Sweden 32 24 -7% -9% 8 Pharmaceuticals Client Supplier Client Supplier Cash flow payment payment payment period payment period tension period period growth indicator growth indicator indicator France 66 52 -13% -16% 14 Germany 46 16 41% -10% 30 Spain 85 35 -11% 18% 50 Italy 90 40 -6% -15% 50 United States 93 38 49% 43% 55 United Kingdom 36 31 -1% 7% 5 Belgium 63 54 12% 7% 9 Denmark 38 20 2% 4% 18 Norway 25 16 16% -11% 9 Sweden 11 11 31% 25% 0 Construction Client Supplier Client Supplier Cash flow payment payment payment period payment period tension period period growth indicator growth indicator indicator France 87 57 -6% -18% 30 Germany 41 28 -16% -19% 13 Spain 174 157 -10% -3% 17 Italy 127 114 -1% -6% 13 United States 53 43 46% 18% 11 United Kingdom 33 38 -2% -10% -5 Belgium 82 70 -10% -13% 12 Denmark 57 38 -11% -9% 19 Norway 63 33 -10% -21% 30 Sweden 47 27 -5% 6% 21 IT services Client Supplier Client Supplier Cash flow payment payment payment period payment period tension period period growth indicator growth indicator indicatorr France 95 51 -7% 3% 44 Germany 52 25 9% -8% 27 Spain 107 61 -14% 14% 46 Italy 101 60 -2% -5% 41 United States 72 21 16% -10% 51 United Kingdom 50 23 0% -12% 27 Belgium 84 58 -4% -10% 25 Denmark 54 26 -17% 5% 28 Norway 64 25 -8% -3% 39 Sweden 33 23 -5% -7% 9 Air Client Supplier Client Supplier Cash flow transport payment payment payment period payment period tension period period growth indicator growth indicator indicator France 44 44 -2% 8% 1 Germany 29 31 2% 14% -2 Spain 34 62 -45% 51% -29 Italy 29 58 -35% -16% -30 United States 21 22 5% 5% -1 United Kingdom 17 25 -29% 43% -8 Belgium 51 49 47% 12% 3 Denmark 15 23 -13% -17% -8 Norway 21 19 -19% -30% 2 Sweden 12 17 -31% -6% -5 Aeronautic Client Supplier Client Supplier Cash flow components payment payment payment period payment period tension period period growth indicator growth indicator indicator France 65 49 -5% -14% 16 Germany 20 51 -21% 37% -32 Spain 153 131 8% -17% 22 Italy 62 60 -22% -31% 2 United States 67 42 42% -15% 25 United Kingdom 40 44 -12% 5% -4 Note: client payment period, supplier payment period and cash flow tension indicator are for 2010; client and supplier period growth indicators are for 2006-2010. Source: Euler Hermes 32
Economic Outlook n° 1182 | Special Dossier | | Payment periods Euler Hermes Subsidiaries Registred office: Euler Hermes Group 1, Place des Saisons 92 048 Paris La Défense CEDEX France Tel.:+33 (0) 1 84 11 53 77 Fax:+33 (0) 1 84 11 54 87 www.eulerhermes.com Euler Hermes Collections GmbH Zeppelinstr. 48 14471 Potsdam Tel.: +49 331 27890-000 Greece Euler Hermes Emporiki SA 16 Laodikias Street & 1-3 Nymfeou Street 115 28 Athens Tel.:+30 210 69 00 000 Euler Hermes > Hong Kong Euler Hermes Hong Kong Services Ltd Suites 403-11, 4/F Cityplaza 4 12 Taikoo Wan Road - Island East > Argentina Euler Hermes Argentina S.A. Av. Corrientes 299 - 2° Piso C1043AAC CABA, Buenos Aires Tel.:+54 11 4320 7157/77 > Australia Euler Hermes Australia Pty Ltd Level 9, Forecourt Building 2 Market Street Sydney, NSW 2000 Tel.:+61 2 8258 5108 > Austria Prisma Kreditversicherungs-AG Himmelpfortgasse 29 1010 Vienne Tel.:+43 5 01 02-0 Euler Hermes Collections GmvH Zweigniederlassung Österreich Handelskai 388 1020 Vienna Tel.:+43 1 90 81 771 > Bahrain Please contact United Arab Emirates > Belgium Euler Hermes Europe S.A. (N.V.) Avenue des Arts—Kunstlaan, 56 1000 Bruxelles Tel.:+32 2 289 31 11 > Brazil Euler Hermes Seguros de Crédito S.A. Avenida Paulista, 2,421—3° andar jardim Paulista São Paulo/SP 01311-300 Tel.:+55 11 3065 2260 > Canada Euler Hermes Services Canada, Inc. 1155, René-Lévesque Blvd West Suite 1702 Montreal (Québec) H3B 3Z7 Tel.:+514 876 9656 > Chile Euler Hermes Seguro de Crédito S.A. Ave. Presidente Kennedy 5735 Of. 801, Torre Poniente Las Condes Santiago Tel.:+56 2 246 1786 > China Euler Hermes Shanghai Information Consulting Co., Ltd. Unit 2103, Taipint Finance Tower, N°488 Middle Yincheng Road, Pudong New Area, Shanghai, 200120 Tel.:+86 21 6030 5900 > Colombia Euler Hermes Colombia Calle 72 6-44 Piso 3 Édificio APA Bogota Tel.: +571 326 4640 > Czech Republic Euler Hermes Europe S.A. organizacni slozka Molákova 576/11 186 00 Prague 8 Tel.:+420 266 109 511 > Demmark Euler Hermes Danmark, filiale de filial af Euler Hermes Europe SA Belgien Amerika Plads 19 2 100 Copenhague O Tel.:+45 88 333 388 > Estonia Please contact Finland > Finland Euler Hermes Europe S.A. Suomen sivuliike Mannerheimintie 105 00280 Helsinki Tel.:+358 10 850 8500 > France Euler Hermes France SA Euler Hermes Collection Euler Hermes World Agency 1, place des Saisons F-92048 Paris-La-Défense Cedex Tel.: +33 1 8411 5050 > Germany Euler Hermes Deutschland AG Euler Hermes Rating Deutschland AG Friedensallee 254 22763 Hamburg Tel.: +49 40 8834 0 Federal Export Credit Guarantees Friedensallee 254 22763 Hamburg Tel.: +49 40 8834 9000 Hong Kong Tel.:+852 2867 0061 > Hungary Euler Hermes Europe S. A Magyarrorszagi Fioktelepe Kiscelli u. 104 1037 Budapest Tel.: +36 1 453 9000 > India Euler Hermes India Pvt. Ltd 4th Floor, Voltas House 23, j N Heredia Marg Ballard Estate Mumbai 400 001 Tel.:+91 22 6623 2525 > Indonesia PT Asuransi Allianz Utama Indonesia SSummitmas II. Building, 9 th floor jl. jenderal Sudirman Kav 61-62 jakarta 12190 Tel.: +62 21 252 2470 ext. 6100 > Ireland Euler Hermes Ireland The Arch Blackrock Business Park Carysfort Avenue Blackrock Co. Dublin Tel.:+353 1 200 0400 > Israël ICIC 2, Shenkar Street 68010 Tel Aviv Tel.: +97 23 796 2444 > Italy Euler Hermes Europe S.A. Rappresentanza per l’Italia Via Raffaello Matarazzo, 19 00139 Rome Tel.:+39 06 87001 > japan Euler Hermes Deutschland AG, japan Branch Kyobashi Nisshoku Bldg. 7th floor 8-7, Kyobashi, 1-chome, Chuo-Ku Tokyo 104-0031 Tel.:+81 3 35 38 5403 > Kuwait Please contact United Arab Emirates 33
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Payment Periods in Europe - Euler Hermes

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