- Universal Registration Document 2022
- German companies have switched to “crisis-mode” and offer less payment terms
- Coface Barometer Q1 2020 - COVID-19: heading towards a sudden global surge in business insolvencies
News & Publications
Coface publishes CEE Top 500 companies: Do external risks overshadow long-lasting solid economic growth in Central and Eastern Europe?09/18/2019
The international credit insurance company presents its eleventh annual study on the biggest 500 companies in Central and Eastern Europe – the Coface CEE Top 500. It ranks businesses by their turnover and additionally analyses further facts such as the number of employees, the framework of the companies, sectors and markets as well as the new Coface company credit assessments. The economic development of the CEE Top 500 is representative of the market trend in the entire region.
At the end of November, Xavier Durand, CEO of Coface, gave a comprehensive interview to the newspaper L'Agefi.
In this first part, he explains the consequences of conflicts around the world for companies, and what this means for Coface.
The situation of the German metals sector has never been easy, but it got more challenging with the emergence of the competition of Chinese state-supported metal products as well as the downturn of the German automotive sector since 2018. Despite challenges, the payment behaviour has - counter-intuitively - improved over the years in the metals sector according to the results of our annual Germany payment surveys.
Despite initial concerns about the impact of the Ukraine war on Central and Eastern European (CEE) economies, the region has demonstrated resilience. However, due to the energy crisis and rising costs, the region has been progressively experiencing a slowdown.
Top 500 players: increase in turnover, net profits and employment, due to the macroeconomic developments
In 2023, 97% of French companies have offered payment terms to their customers, with an average timeframe of 48 days.
Despite this, 82% of companies have recorded payments delays by their clients over the past 12 months. The majority stated that late payments were occurring more frequently, and for longer periods than last year. The deterioration in corporate payment habits is echoed in insolvency numbers, with an undisputed increase observed since the start of the year that has even overshot pre-Covid levels.