Atradius payment practices barometer: Western
The Atradius survey of B2B payment
practices interviewed approximately 3,000 businesses across 14 countries
in Western Europe. In addition to payment practices, the survey looks
at challenges to profitability, credit management practices and DSO.
According to survey respondents in Western Europe of the Atradius Payment
Practices Barometer, on average, 37.6% of the total value of their B2B
receivables was defaulted on with 4.9% remaining unpaid after 90 days past
due. Despite forecasts of improving economic conditions in many countries,
falling demand and cash flow are considered by respondents to be their
biggest challenges to profitability this year. Andreas Tesch, Chief
Market Officer of Atradius N.V. stated: "We are anticipating
improvement in some key markets like Spain, the Netherlands, Denmark and
Ireland, but in most markets our 2014 forecasts are for insolvency levels
stabilizing, and in many cases at high levels. The insolvency level in the
Eurozone for instance is twice as high as in the period before the crisis
and in the Eurozone periphery markets more than 3 ½ times higher."
More information here.