Euler Hermes SA 2008 IR
The report details Euler Hermes' financial and operational performance for the fiscal year 2008, a period marked by the onset of the global economic crisis. Despite a 3.2% increase in consolidated turnover to ‑2,166.5 million, the company experienced a 79.5% decline in consolidated net income to ‑83.6 million due to a sharp rise in claims. In response, Euler Hermes implemented strict cost controls, adjusted its risk underwriting, and lowered its premium retention rate from 78% to 70% for 2009. The report also highlights the group's sustainable development initiatives, focusing on employee training, diversity, and reducing paper consumption through digital communication.
Company: Euler Hermes SA
Sector: Finance & insurance
Country: Belgium
Year: 2008
Type: IR
Pages: 270
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Euler Hermes SA
Reference Document
The report details Euler Hermes' financial and operational performance for the fiscal year 2008, a period marked by the onset of the global economic crisis. Despite a 3.2% increase in consolidated turnover to ‑2,166.5 million, the company experienced a 79.5% decline in consolidated net income to ‑83.6 million due to a sharp rise in claims. In response, Euler Hermes implemented strict cost controls, adjusted its risk underwriting, and lowered its premium retention rate from 78% to 70% for 2009. The report also highlights the group's sustainable development initiatives, focusing on employee training, diversity, and reducing paper consumption through digital communication.
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Document Details
Report Year
2008
Reporting Period
Jan 1, 2008 - Dec 31, 2008
Fiscal Year
2008
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees