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.