14.05.2012
 

 

​Based on preliminary figures, the Euler Hermes Group achieved total revenues of 590 M€ in the first quarter of 2012, up by 8% compared with the first quarter of 2011.​

Operating profit exceeded 100 M€, slightly higher than the same period last year, mainly driven by Euler Hermes’ net combined ratio below 75%.
 
Net income for the first quarter of 2012 closed around 66 M€, up by more than 20% compared to the previous quarter.
 
Euler Hermes maintained its strong capital position: the Group increased both shareholders' equity and its conglomerate solvency ratio from year-end levels.
 
As announced, Euler Hermes will publish full details on its first quarter financial results on May 16, 2012.