INTERNATIONAL PAYMENTS: GERMANY AND DENMARK AMONG THE TOP PERFORMERS, ITALY STILL BEHIND
Tuesday, April 26, 2016Denmark emerges as the top performer in Europe, with 87% of companies fulfilling their payment terms by due date. Positive performances also for Germany with 72,3% of prompt payments and Lithuania with a percentage of 61,7%. Negative performances, instead, for Portuguese companies, at the bottom of the ranking with only 20,1% of prompt payments. Difficult payment performances also for Bulgaria, with a percentage of 21,7% and Greece, with 22,7%. When looking instead at serious delays, it is Greece that registers the most critical situation with 53,1% of payments with more than 30 day delay, followed by Bulgaria and Romania.
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Italy is placed in 13th position of the ranking among the 20 European countries, with a percentage of 35,7% of prompt payments. Worst performance for Finland (29,2%), Ireland (28,9%), England (24,1%), Greece (22,7%) and Portugal (20,1%).
When referring to serious delays, Italy still remains at the bottom at the ranking with a percentage of 14,3%. Despite a 12% decrease in serious delays compared to the past year, the data still denotes a significant gap with countries such as Denmark (0,1%), Germany (1,3%) or even Spain (6,7%).
This is what has emerged from the 12th edition of the Payment Study 2016, the annual event organized by CRIBIS D&B, which has analyzed at the end of 2015, the payment performance of 31 countries around the world, of which seventeen are European: fill out the form to receive the complete analysis!
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