Euler Hermes chair bemoans 'disappointing' economy as income dips
Trade credit insurer Euler Hermes saw its net income slump by 3.7% year-on-year to €302.1m (£223.2m) for the 12 months ending 31 December 2014 from €313.7m at the end of 2013.
The drop in income was recorded despite an increase in turnover for the year, which was recorded at €2.53bn (FY 2013: €2.47bn), as Euler Hermes chairman of the board of management Wilfried Verstraete
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