Published: 12:04 CEST 20-04-2017 /GlobeNewswire /Source: EULER HERMES / : ELE /ISIN: FR0004254035
EULER HERMES GROUP
Société anonyme with a Board of Management and a Supervisory Board
with a share capital of 13 645 323.20 euros
Registered office: 1 place des Saisons, 92048 Paris-La-Défense cedex, France
RCS Nanterre 552 040 594
Euler Hermes Group: 2016 Registration Document
including the Annual Financial Report is now available
Paris, April 20, 2017
The Registration Document of Euler Hermes Group for 2016 financial year was filed with the Autorité des Marchés Financiers (AMF) on April 20, 2017 under filing number D.17-0402.
The 2016 Registration Document includes:
- The Annual Financial Report for 2016 financial year;
- The Report of the Chairman of the Supervisory Board on the corporate governance, internal control and risk management procedures established by the Company;
- The Statutory Auditors' reports;
- The description of the share buyback program;
- The draft resolutions submitted to the vote of the Combined Shareholders' Meeting of May 24, 2017.
The 2016 Registration Document is available free of charge in accordance with applicable regulations and may be viewed on the Company's website at the following address:
Euler Hermes Group
Chief Financial Officer
Euler Hermes Group
Finance Director and Investor Relations
Clarisse Kopff +33 (0)1 84 11 51 38
Etienne Defraigne +33 (0)1 84 11 39 19
Group Media Relations
Joan Wasylik +33(0)1 84 11 61 41
Euler Hermes is the global leader in trade credit insurance and a recognized specialist in the areas of bonding, guarantees and collections. With more than 100 years of experience, the company offers business-to-business (B2B) clients financial services to support cash and trade receivables management. Its proprietary intelligence network tracks and analyzes daily changes in corporate solvency among small, medium and multinational companies active in markets representing 92% of global GDP. Headquartered in Paris, the company is present in over 50 countries with 5.900+ employees. Euler Hermes is a subsidiary of Allianz, listed on Euronext Paris (ELE.PA) and rated AA- by Standard & Poor's and Dagong Europe. The company posted a consolidated turnover of €2.6 billion in 2016 and insured global business transactions for €883 billion in exposure at the end of 2016.
Cautionary note regarding forward-looking statements: The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results. performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context. the words "may". "will". "should". "expects". "plans". "intends". "anticipates". "believes". "estimates". "predicts". "potential". or "continue" and similar expressions identify forward-looking statements. Actual results. performance or events may differ materially from those in such statements due to. without limitation. (i) general economic conditions. including in particular economic conditions in the Euler Hermes Group's core business and core markets. (ii) performance of financial markets. including emerging markets. and including market volatility. liquidity and credit events (iii) the frequency and severity of insured loss events. including from natural catastrophes and including the development of loss expenses. (iv) persistency levels. (v) the extent of credit defaults. (vi) interest rate levels. (vii) currency exchange rates including the Euro/U.S. Dollar exchange rate. (viii) changing levels of competition. (ix) changes in laws and regulations. including monetary convergence and the European Monetary Union. (x) changes in the policies of central banks and/or foreign governments. (xi) the impact of acquisitions. including related integration issues. (xii) reorganization measures. and (xiii) general competitive factors. in each case on a local. regional. national and/or global basis. Many of these factors may be more likely to occur. or more pronounced. as a result of terrorist activities and their consequences.
The company assumes no obligation to update any forward-looking statement.
This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Euler Hermes, 1 place des Saisons, Paris-la-Défense FR-92048, France
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