The Annual Report is a complete overview of the performance of Atradius N.V. in a year. It includes performance and strategy, full year accounts and additional financial information.
The latest Annual Reports and summaries are available to view and download (Download Adobe Reader).
Atradius Annual Report 2016 – Leading the future
Atradius’ aim is to lead our customers into the future by strengthening their credit and cash management to support growth of their businesses. We continue investing in new technologies and taking advantage of opportunities in the markets. Our strategy is anchored by our distribution network of brokers and agents who deliver quality services that make a difference and where our people and global footprint play a key role.
2016 has been a successful year in which we have undertaken exciting projects that position Atradius to continue leading the future in credit management. Our ‘customer-first’ mind-set keeps us at the forefront of the industry.
Atradius’ total revenue grew 2.5% to EUR 1,761 million in 2016 compared to EUR 1,718 million in 2015. At a constant exchange rate this marked a 3.4% increase. Europe, Asia and Oceania showed encouraging revenue growth, consistent with our expansion ambitions in these regions. The business line for multinationals (Global), Bonding and Instalment Credit Protection performed well delivering increased revenues.
Looking at our bottom line results, we’re pleased with the profit for the year of EUR 211.8 million: an increase of 18.8% on 2015.
There is a significant amount of uncertainty in 2017 for the outlook of global and regional trade. The expected renegotiation of numerous trade agreements across the world could potentially stall international trade growth. A side effect of this could be an increase in payment defaults as trade costs are expected to rise, putting pressure on some businesses to improve cash management. This should also increase the need for information and collections services to better monitor creditworthiness of buyers and collect overdue debts.
Isidoro Unda commented, “Every year businesses are challenged with new potential hurdles to increasing profits and managing payment risks. At Atradius, we have a strong corporate culture that is focused on ensuring we are able to meet our customers’ expanding needs for securing their receivables. We do this by expanding our credit insurance, bonding, credit information and collections capabilities into new markets, by constantly improving availability of information about buyers and by innovating to deliver new services to our customers.”