The World Savings Day: European consumers are saving less as a result of Covid-19
As we mark World Savings Day on October 31, there are concerns that the pandemic is having longer term consequences for Europeans’ personal finances.
Real estate and construction firms are hit the hardest by late payments
The construction sector has long been afflicted by late payments. Complex billing procedures and a lengthy payment chain mean that getting paid on time can be a challenge. The issue is becoming even more urgent given the pressure that the pandemic is putting on the sector.
A widening payment gap threatens business growth
Against a backdrop of economic uncertainty, the payment gap – the time between the agreed payment term and the actual duration of pay – is widening
Businesses are taking steps to protect themselves from a historic recession
No business could have predicted the disruption caused by the Covid-19 pandemic in 2020. It has shaken European economies and brought business operations to a halt in many sectors, leaving firms scrambling to salvage their cash flow.
A year of changes
CEO & President Mikael Ericson shares his reflections on the results of our newly launched European Payment Report 2020.
Today we launch the European Payment Report 2020
Intrum is today publishing the 22nd annual edition of the European Payment Report, outlining the impact of late payments on business growth and financial health among 10,000 businesses across 29 countries in Europe.
Increased financial stress among millennials and parents
The financial aftershocks of the coronavirus outbreak are being felt throughout Europe. Results from Intrum’s Covid-19 white paper shows millennials and households with children are among the most vulnerable to the new economic reality, though there are hopeful signs amidst the gloom.
How Covid-19 is affecting the European payments landscape
Intrum is today publishing a special edition white paper outlining the impact of Covid-19 on 10,000 businesses across 29 countries in Europe.
”Our strength lies in being the largest player”
Viktor Lindeberg, Head of Investor Relations, is convinced that communication with the capital markets can be further strengthened. Improved and clearer information to generate a better understanding of the business is a project that has already been launched and that will continue in 2020.