Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The report highlights a trend of relaxed payment terms among Finnish companies, leading to potential liquidity gaps [7][9][22] - There is a significant concern regarding the domestic economy and cybersecurity risks affecting B2B payment practices [22][24] Summary by Sections B2B Payment Practices Trends - An average of 46% of B2B sales in Finland are made on credit, with variations across sectors: 60% in electronics/ICT, 45% in steel/metals, and 37% in consumer durables [7][9] - Nearly 40% of businesses are offering longer payment terms, averaging over two months from invoicing, with the steel/metals sector leading at 70 days [8][9] - Late payments affect 51% of all B2B sales on credit, with bad debts averaging 8% [9][13] Looking Ahead - Companies express widespread concern about the domestic economy and cybersecurity risks, particularly in the consumer durables and electronics/ICT sectors [22][24] - There is a mixed outlook for B2B customer payment behavior, with more companies expecting a negative trend, especially in the steel/metals industry [28][31] - 40% of companies anticipate no major shifts in Days-Sales-Outstanding (DSO), but pessimism is prevalent in the steel/metals sector regarding collection efficiency [29][32]

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The report highlights the importance of strategic credit management as bad debts and Days-Sales-Outstanding (DSO) worsen in Western Europe [8][10] - Nearly half of all B2B sales in Western Europe are transacted on credit, with significant variations across countries [8][10] - Companies are experiencing a consistent trend of late payments, with bad debts now impacting 8% of all B2B sales, up from 6% the previous year [8][14] Summary by Sections B2B Payment Practices Trends - Trading on credit remains significant, with 50% of B2B sales on credit; Spain leads at 67% while Austria is at 38% [8][10] - Average payment terms have increased to 52 days from invoicing, up from 41 days a year prior, with Finland having the longest terms at 71 days and Greece the shortest at 32 days [8][10] - Late payments affect nearly half of all B2B sales, with the machinery industry facing the highest impact [8][10] Key Figures and Charts - 43% of invoices were paid on time in 2024, down from 45% in 2023; overdue payments remain at 49% [14] - The average DSO has increased by 30% compared to the previous year, with the electronics/ICT sector having the highest DSO at over 100 days [10][11] Looking Ahead - 40% of companies anticipate an improvement in B2B customer payment behavior in the coming year, with the highest optimism in Ireland [20][22] - However, over 60% of companies expect an increased risk of insolvencies among their B2B customers, particularly in Austria, Switzerland, and Germany [23][26] - Concerns about domestic economic conditions, environmental regulations, and geopolitical tensions are prevalent among businesses [26][29]

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The survey indicates a significant concern regarding bad debts, which now affect 10% of all invoiced B2B sales, double the level from the previous year, particularly impacting the energy/fuels sector [13][34] - Companies in France are generally cautious about offering trade credit, with only 40% of B2B sales transacted on credit, despite 73% expressing openness to it [8][7] - The construction sector shows the highest inclination towards trade credit, averaging 46% of transactions on credit, while consumer durables and energy/fuels sectors average 41% and 36% respectively [8][7] Summary by Sections B2B Payment Practices Trends - Companies in France are cautious about trade credit, with only 40% of B2B sales on credit despite 73% being open to it [8][7] - The construction sector leads in trade credit usage, averaging 46% of sales on credit, while consumer durables and energy/fuels sectors average 41% and 36% respectively [8][7] - Payment terms have lengthened in consumer durables and energy/fuels sectors, averaging a couple of months from invoicing [9][7] Key Figures and Charts - Bad debts now account for 10% of all B2B sales, with late payments affecting 47% of invoiced sales [14][34] - Nearly 80% of businesses report no change or worsening in debt collection efficiency, indicating potential financial strain [14][15] Looking Ahead - The primary concern among French companies is the stagnation of the domestic economy, impacting both short-term and long-term business outlooks [28][30] - 52% of companies anticipate a deterioration in B2B customer payment behavior in the coming year, particularly in the consumer durables sector [34][36] - Concerns about regulatory compliance, environmental issues, and cybersecurity threats are prevalent across all sectors [30][29]

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The report highlights a cautious approach to customer credit risk among companies in Denmark, with a notable decline in B2B sales transacted on credit, now averaging 43% of all sales [6][8] - There is a significant increase in bad debts, which now account for 8% of all B2B sales, up from 3% the previous year, indicating complexities in managing customer credit risk [7][8] - Companies express concerns about the domestic economy, with high household debt constraining consumer spending and impacting B2B trade [18][20] Summary by Sections B2B Payment Practices Trends - A downward trend in B2B sales on credit is evident, with 43% of sales now on credit, reflecting a cautious approach to minimize credit risks [6][8] - The electronics/ICT sector shows the most caution, while chemicals and machines sectors are more open to credit transactions [6] - Payment terms vary significantly, with chemicals offering shorter terms of one month, while machines and electronics/ICT sectors offer longer terms of 58 days and 36 days respectively [6][8] Key Figures and Charts - Late payments affect 49% of all B2B credit sales, down from 54% the previous year, while bad debts have surged to 8% [8][15] - Days-Sales-Outstanding (DSO) is stable, averaging 43 days for machines and 66 days for electronics/ICT, indicating improved credit management efforts [11][13] Looking Ahead - Companies express rising fears about insolvency risks due to the domestic economy's state, with 65% anticipating increased insolvency risk for their customers in the next 12 months [18][30] - Short-term concerns include geopolitical tensions, insufficient production capacity, and operational challenges, particularly in the chemicals sector [20][31] - Long-term worries focus on regulatory compliance and sustainability issues, especially in the chemicals industry [19][21] Survey Findings - A consensus exists that B2B payment practices will change significantly in the next 12 months, with many expecting a positive trend but a growing number anticipating deterioration, particularly in the electronics/ICT sector [24][25] - 51% of companies expect no significant change in DSO, while 32% anticipate improvement [28][26]

Investment Rating - The report does not explicitly provide an investment rating for the industry. Core Insights - The voluntary procurement of clean energy by corporations has significantly driven renewable energy development, with over 70 gigawatts of renewable energy contracts signed in the U.S. since 2014 [7] - The urgency of the climate crisis is leading large energy consumers to assess the impact of their actions on grid decarbonization and reliability, utilizing consequential emissions impact analysis [7][8] - The ZEROgrid initiative aims to clarify the consensus on consequential emissions impact analysis and its implications for corporate actors [8] Summary by Sections Areas of Consensus - The true impact of any voluntary corporate action is defined as the difference in total emissions between a scenario where the action is taken and one where it is not [9] - The impact comprises several contributing effects, including short-run operations of power plants and long-term structural changes [9][12] - There is a lack of a universally accepted method to empirically verify estimates of structural change, leading to significant uncertainty in total impact measurements [10] Components of Impact - Emissions impact can occur through changes in power supply or demand, costs of power plants, and the rate of renewable energy project interconnections [12] - The total emissions from power plants are calculated based on capacity, utilization, and emissions factors, with companies able to influence these variables to reduce emissions [13] - The distinction between short-run and long-run impacts is crucial, as utilization changes quickly while capacity adjustments take longer [15] Additionality - Additionality refers to the additive nature of an intervention's emissions reductions, which can be influenced by direct impacts on grid emissions and overall structural changes [20] - An action may be considered non-additional if it does not impact capacity, utilization, or emissions factors, or if it induces equal and opposite changes [20] Estimates Versus True Values - The practice of consequential emissions impact analysis faces challenges in validating estimates due to the inability to observe both scenarios (with and without the action) simultaneously [21] - Various models exist to estimate impacts, including capacity expansion models and regression models, each with different levels of uncertainty [22][24] Conclusions and Future Research - The report emphasizes the need for continued exploration of how to compare model outputs and improve understanding of consequential impact assessments [25] - Future research will focus on identifying consistently high-impact actions and bounding uncertainties in estimates to inform policymakers [25]

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The survey indicates a significant trend of Belgian companies reducing bank borrowing and increasing reliance on trade credit due to rising interest rates, with 50% of businesses reporting this shift [6][7] - The construction sector shows a notable increase in B2B sales transacted on credit, now averaging 54%, while the steel/metals industry averages 46% [7][10] - Concerns about worsening Days-Sales-Outstanding (DSO) and workforce shortages are prevalent, with 24% of businesses anticipating a deterioration in B2B customer payment behavior [20][21] Summary by Sections B2B Payment Practices Trends - Companies in Belgium are increasingly relying on trade credit as a source of short-term finance, particularly in the construction and machinery sectors [6][7] - The construction sector has seen 54% of B2B sales transacted on credit, while the steel/metals industry has 46% [6][7] - Machinery companies are cautious in extending trade credit due to a rise in bad debts, with only 20% of sales conducted on credit [6][10] Key Figures and Charts - 50% of surveyed businesses report increased reliance on trade credit [7] - Average payment terms for machinery and steel/metals sectors are nearly 70 days, while construction averages 41 days [9][11] - Bad debts account for an average of 11% of total B2B sales in Belgium, higher than the Western European average of 8% [10][12] Looking Ahead - 24% of businesses expect a deterioration in B2B customer payment behavior, with 40% of construction companies sharing this sentiment [20][22] - Concerns about DSO are rising, with 26% of businesses anticipating a decline in debt collection efficiency [21][23] - A significant short-term concern is the shortage of skilled workers, affecting nearly one-third of companies [25][27]

Atradius Payment Practices Barometer 2024 B2B payment practices trends Ireland Trading on credit declines amid worsening B2B payment practices About the Atradius Payment Practices Barometer The Atradius Payment Practices Barometer is an annual survey of business-to-business (B2B) payment practices in markets across the world. Our survey provides us with the opportunity to hear directly from companies polled about how they are coping with the impact of the current challenging economic and trading environment ...

イAtradius Atradius Payment Practices Barometer 2024 | --- | --- | --- | --- | --- | |-------|-------|-------------------------------------------------------|-------|-------| | | | | | | | | | | | | | | | B2B payment practices trends | | | | | | The Netherlands | | | | | | | | | | | | Varied trade credit landscape amid economic headwinds | | | | | | | | | About the Atradius Payment Practices Barometer The Atradius Payment Practices Barometer is an annual survey of business-to-business (B2B) payment practices ...

Atradius Payment Practices Barometer 2024 B2B payment practices trends Spain Customer credit risk landscape affected by persistent economic headwinds About the Atradius Payment Practices Barometer The Atradius Payment Practices Barometer is an annual survey of business-to-business (B2B) payment practices in markets across the world. Our survey provides us with the opportunity to hear directly from companies polled about how they are coping with the impact of the current challenging economic and trading envi ...

Atradius Payment Practices Barometer 2024 B2B payment practices trends Greece Deteriorated B2B payment behaviour impacts business financial stability About the Atradius Payment Practices Barometer The Atradius Payment Practices Barometer is an annual survey of business-to-business (B2B) payment practices in markets across the world. Our survey provides us with the opportunity to hear directly from companies polled about how they are coping with the impact of the current challenging economic and trading envi ...