Publications

A draw in sector comparison, as both the Slovakian and the UK automotive industry show a robust performance. Payment behaviour is generally good.

In both countries the food industry is scoring abroad, as exports have emerged as the main driving force of sales. However, some subsectors face problems.

An uneven match, given that the British ICT industry is doing rather well, while the Russian ICT sector is caught in a downturn, with many insolvencies.

The Spanish chemicals sector shows a strong team performance, while competition is high for Czech chemicals businesses. Producers prices have decreased.

Spain remains a heavyweight in the automotive playing field, while the sector faces troubles in Turkey as domestic demand is expected to decrease further.

In Germany, poor payment behaviour of public buyers is an issue, while in Poland protracted payments are high. Overdue payments up to 30 days are common.

The Belgian machines sector faces some troubles in the construction-related segment. Italian machinery scores abroad, but not yet in the domestic market.

In both countries the food sector is scoring abroad, as exports emerged as the main driving force of sales. But some segments face fierce competition.

The Industry match-up reports analyse the risk situation/outlook in one industry for countries which are paired together in the Euro 2016 tournament.

The turbulent waters that the global economy faced at the beginning of the year have calmed but the underlying issues persist.

The economy in Eastern Europe is forecast to continue growing 1.1% this year. However, trade credit risk from foreign late payment is on the rise.

Respondents in the Czech Republic (46.5%) seem to be most convinced that domestic B2B customers use outstanding invoices for their financial advantage.

Hungarian respondents (76%) seem to be the hardest hit by late payment of domestic invoices due to customers’ insufficient funds (64% in Eastern Europe).

More respondents in Poland (around 30%) than in Eastern Europe (around 20%) are concerned about a worsening of the DSO figure over the next 12 months.

30% of respondents in Slovakia (18% in Eastern Europe) consider maintaining adequate cash flow as the biggest challenge to business profitability in 2016.

Turkey has the highest domestic payment default rate in Eastern Europe, with 61.1% of the total value of domestic B2B invoices paid late (55.2% in 2015).

Atradius explores how rising corporate debt in EMEs affects corporate creditworthiness and identifies the most exposed countries and vulnerable sectors.

Het Oostenrijkse insolventiepeil daalde in 2015 met 5%, maar die positieve trend zal naar verwachting vertragen in 2016, tot nog maar 2%.

Het aantal bedrijfsfaillissementen begon in 2014 opnieuw af te nemen en zal in 2016 naar verwachting met 7% dalen.

Het Deense insolventiepeil daalde scherp in 2013 en 2014, maar deze positieve trend is sinds 2015 vertraagd.

Het aantal Franse bedrijfsinsolventies steeg in 2015 opnieuw. Met het verwachte bescheiden economisch herstel in 2016, zal het aantal bedrijfsfaillissementen naar verwachting met 4% dalen.

De Duitse economie noteerde een prima groeipercentage van 1,7% in 2015.

De Ierse economie groeide met 5,2% in 2014 en met 6,8% in 2015 - een heel sterke prestatie vergeleken met de rest van de eurozone.

Dankzij het economisch herstel sinds 2014 begon het aantal faillissementen opnieuw te dalen, en verwacht wordt dat dat aantal verder zal afnemen in 2016, tot ongeveer 5.100 faillissementen.

De liquiditeitsproblemen van Italiaanse bedrijven worden versterkt door aanhoudend slecht betalingsgedrag, met name van de publieke sector.

Het herstel van de Spaanse economie won aan kracht in 2015, met een bppgroei van meer dan 3%.

De Zweedse economie zal met 2,9% groeien in 2016 na een bbp-groei van 3,8% in 2015.

Door het moeilijkere economische klimaat steeg het Zwitserse insolventiepeil met 7% in 2015.

Na een groei van 2,2% in 2015 zal het Britse bbp in 2016 naar verwachting stijgen met 1,9%.

Structurele veranderingen in de wereldhandel

Poor payment practices of B2B customers caused financial distress on businesses in Western Europe and a ripple effect throughout the whole supply chain.

Due to late payment, nearly twice as many respondents in Austria (21%) than in Western Europe delayed investment, in property, plant and equipment.

As seen in France, more respondents in Belgium (30%) than in Western Europe (22.4%) expect deterioration in their DSO over the next 12 months.

Half of our Danish respondents (27% in Western Europe) said that B2B customers delay payments as they use outstanding invoices as a form of financing.

Notably more respondents in France (31.3%) than in Western Europe (22.4%) expect deterioration in their DSO over the next 12 months.

93.0% of respondents in Germany experienced late payment of invoices by B2B customers over the past year. This in spite of very strict payment terms.

Far more respondents in Greece (87%) than in Western Europe (57.9%) said that domestic B2B customers pay invoices late due to liquidity issues.

Around 40% of respondents in Ireland said they will check their customers’ payment records and increase monitoring of their buyers’ credit risk.

Due to late payment of commercial invoices, notably more respondents in Italy (41%) than in Western Europe (23.7%) delayed payments to their suppliers.

Betalingstermijnen die door Nederlandse respondenten worden toegestaan aan B2B-klanten liggen gemiddeld rond de 27 dagen vanaf de factuurdatum en wijken niet veel af van het onderzoeksgemiddelde.

Two in five respondents in Spain expect payment practices of B2B customers in the consumer durables industry to deteriorate over the next 12 months.

One in four Swedish respondents believe that late payment from export customers is due to external factors such as inefficiencies of the banking system.

More respondents in Switzerland (32%) than in Western Europe (26%) will increase the use of cash, or of terms other than credit in B2B trade.

Survey findings point to Great Britain as the country in Western Europe that is the most impacted by late payment from export customers.

Voor 2016 verwacht men dat de verkoop opnieuw boven de EUR 32 miljard zal uitkomen. De textielverkoop nivelleerde echter in 2015, vergeleken met 2014.

De groeivooruitzichten voor 2016 blijven positief; men verwacht dat de Nederlandse particuliere consumptie met 1,7% zal toenemen.

De vooruitzichten voor de verkoop blijven goed; verwacht wordt dat de particuliere consumptie in 2016 met 3% zal stijgen.

Verwacht wordt dat de totale bedrijfswinst van retailers in deze sector de komende maanden met 5,0%-6,5% zal stijgen, terwijl de inkomsten met 5%-5,5% zullen stijgen.

Door de globalisering van aankopen zijn in tal van segmenten de deuren opengegaan voor internationale en cloud/online retailers, vooral omdat Canada naast de VS ligt.

In 2015 bleef de verkoop van duurzame consumptiegoederen in China groeien, maar trager; in 2014 had de overheid immers de kortingen voor huishoudtoestellen voor gezinnen op het platteland geschrapt.