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Last €83.00 EUR
Change Today +0.76 / 0.92%
Volume 21.5K
ELE On Other Exchanges
As of 11:36 AM 10/5/15 All times are local (Market data is delayed by at least 15 minutes).

euler hermes group (ELE) Snapshot

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05/29/15 - €106.50
52 Week Low
10/16/14 - €73.13
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euler hermes group (ELE) Details

Euler Hermes Group SA provides credit insurance, debt collection, and bonding solutions worldwide. The company offers credit insurance services for small businesses, medium and large companies, and multinational companies. It also provides a range of domestic, international, and legal debt collection solutions. In addition, the company offers bonds and guarantees for construction, manufacturing, food, and carriers sectors. Further, it provides fidelity insurance that covers businesses, industries, and financial institutions against financial losses resulting from criminal acts, such as theft, embezzlement, and fraud committed by their employees, temporary staff, and external service providers, as well as losses due to disclosure of company secrets, contractual penalties, and hacker losses due to intrusion into IT systems by third parties; and reinsurance. The company was formerly known as Euler Hermes SA and changed its name to Euler Hermes Group SA in June 2014. The company was founded in 1917 and is headquartered in Paris, France. Euler Hermes Group SA operates as a subsidiary of Allianz France, S.A.

5,706 Employees
Last Reported Date: 03/27/15
Founded in 1917

euler hermes group (ELE) Top Compensated Officers

Chief Financial Officer and Member of Board o...
Total Annual Compensation: €251.7K
Chairman of the Board of Management
Total Annual Compensation: €943.7K
Member of the Board of Management
Total Annual Compensation: €604.0K
Member of the Board of Management
Total Annual Compensation: €470.2K
Member of the Board of Management
Total Annual Compensation: €439.8K
Compensation as of Fiscal Year 2014.

euler hermes group (ELE) Key Developments

Euler Hermes Launches Euler Hermes Energy; Announces Management Appointments

Euler Hermes announced the launch of Euler Hermes Energy. Credit support and risk management solutions are vital both to maximizing opportunities and mitigating risks. Euler Hermes Energy has designed tailored solutions to empower businesses throughout the energy supply chain, with offices based in Houston, Dallas, Calgary and Stamford, Conn. Using energy credit insurance, customers are protected against payment default and can confidently transact on open credit, the preferred method of global business. Should a default occur, clients can efficiently execute a claim for payment with Euler Hermes Energy. In addition, Euler Hermes Energy has developed Spread Risk Loss coverage (mark to market) bridging the gap between the contract and the market. When a buyer becomes insolvent, Spread Risk Loss ensures the energy provider is covered for the lost sale at the original contract value, regardless of market price. Spread Risk Loss augments complex risk mitigation strategies, providing a simple solution to a frequent problem. Euler Hermes Energy has combined over 110 years of energy and trade credit industry experience to provide clients with competitive advantages through: Safer growth. New counterparties and new destinations are emerging for energy products. When receivables are insured, a company can confidently and securely expand open credit to new and/or existing customers. Credit management support. Energy credit works in conjunction with credit and commercial teams to enhance a business' ability to offer increased credit lines, optimizing margin without compromising risk positions. Reduced concentration risk. By securing receivables, high-volume risk is eliminated, strengthening the balance sheet and protecting shareholders. Maximize Leverage. Banks adhere to strict lending principles based on concentration and the probability of default of the underlying receivable. When domestic and international receivables are insured, they assume Euler Hermes' AA- S&P rating, enabling a company to borrow more while providing Basel III-compliant capital relief to the bank. The company announced that the new division will be led by seven industry professionals including Jay Rose, managing director Rose began his career at Euler Hermes in 2004 and has held several managerial roles in the Texas market. Pat McKinnon, senior director McKinnon's career spans more than 30 years in every facet of the energy supply chain. Most recently, he was a partner at Buffalo STX Energy and associate director of Natural Gas Chicago Mercantile Exchange Group. Todd Lines, senior director Lines combines 26 years of experience in both Calgary and Houston in crude oil, liquids and natural gas trading and marketing as an analyst, trader, trading director and energy consultant Jon Hammond, senior director Hammond has managed risk in the energy sector for 25 years, 20 of which were on the floor of the New York Mercantile Exchange. Chris Jackson, senior director Jackson has more than 20 years' experience in business development, origination and trading for companies such as Duke Energy, TXU and NYMEX. Fritz Fowler, head of credit risk Fowler has spent decades as a risk analyst and credit manager for companies including Cima Energy, Compass Bank, Amegy Bank and Reliant Energy. Michael Rapp, head of commercial underwriting Rapp has more than a decade of experience working with insurance, energy and technology companies. His experience spans large multi-national corporations to venture capital-funded companies.

Euler Hermes Group SA Reports Audited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Euler Hermes Group SA reported audited earnings results for the second quarter and six months ended June 30, 2015. For the six months, the company reported turnover of EUR 1,337.7 million against EUR 1,268.6 million a year ago. Current operating income was EUR 252.7 million against EUR 244.7 million a year ago. Operating income was EUR 251.4 million against EUR 242.6 million a year ago. Net income, group share was EUR 172.4 million against EUR 173.2 million a year ago. Net investment income reaches 59.7 million in the first semester of 2015 versus 48.9 million in the first semester of 2014. The rise is linked to positive foreign exchange result this year and to higher realized gains on bonds and equity investments. Net income remains overall stable compared to the first semester of 2014, due to an impairment of EUR 3.9 million on an information company held out at equity and a higher tax rate than last year. For the quarter, the company reported turnover of EUR 667.4 million against EUR 631.1 million a year ago. Ordinary operating income was EUR 130.5 million against EUR 127.3 million a year ago. Operating income was EUR 130.3 million against EUR 126.4 million a year ago. Net income, group share was EUR 85.2 million against EUR 90.5 million a year ago.

Euler Hermes Group SA, H1 2015 Earnings Call, Jul 28, 2015

Euler Hermes Group SA, H1 2015 Earnings Call, Jul 28, 2015


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Price/Earnings 12.1x
Price/Sales 1.4x
Price/Book 1.4x
Price/Cash Flow 12.5x
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