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In the first nine months of 2011, Euler Hermes posted excellent results, despite a highly uncertain economic environment...

In the first nine months of 2011, Euler Hermes posted excellent results, despite a highly uncertain economic environment...

During continued uncertain times, Euler Hermes produced outstanding results in the first semester 2011. The group posted a turnover of €1.127 billion, up 8.5% compared to the first semester 2010....

Turnover increased for the fourth consecutive quarter to €567 million showing a 4.6% growth towards Q3 2010 (€542 million). Q4 2010 turnover grew by 16% compared to Q4 2009, when turnover was at its lowest during the crisis....

2010 confirms an ongoing global economic recovery which accelerates in Q3 2010. In this environment, Euler Hermes recorded a net income of €255.8 million for the first nine months of 2010....

Although the economic recovery remains fragile, Euler Hermes’ turnover grew by 5.0% quarter-on-quarter in the second quarter of 2010, reaching €1.039 billion for the six months to the end of June. At the same time, the group continued to reap the benefits of the action plans implemented....

Despite the fragile economic recovery Euler Hermes posted a quarter on quarter increase in turnover of 3.5% compared to the fourth quarter of 2009....

Kontakt

Isabelle Lemaire
Group Finance Department

Tel: + 33 1 40 70 49 82
Fax: + 33 1 40 70 50 80

Email: isabelle.lemaire@eulerhermes.com