Creditreform Annual Report 2010: Steady Growth Despite Difficult Times

Posted by Joachim Bartels | Jul 11, 2011 | Coface, Credit Information, Creditreform, Debt Collection and Recovery, Germany, Member, Member News | 0 |

Creditreform Germany reports steady growth in revenues during a difficult year. Global revenues in 2010 were Euro 543 million versus Euro 533 million in 2009. Revenues of domestic (German market) credit information grew from Euro 257 million to Euro 262 million.

Accounts receivables and factoring revenue grew from Euro 193 million to Euro 200 million. International revenues grew from Euro 52 million to Euro 54 million. In 2010 Creditreform opened an office in Turkey. Source: Password Germany

Creditreform said it would continue with the development of the EASY identification number, notwithstanding the fact that Coface, which is a partner in the EASY venture, plans to exit credit information.

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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