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2015 draft financial statements approved: net profit to € 407 million (+ 6%)
The Board of Directors of SACE, a CDP group company, in its meeting today chaired by Giovanni Castellaneta, approved the draft financial statements for the year ended 31 December 2015.
In a macroeconomic context marked by a slowdown in the emerging countries, declining commodity prices, and a slight improvement in the advanced economies, SACE increased its support to the international competitiveness of companies. These results exceed all the business plan objectives and confirm the financial solidity of SACE and its continuing support to the internationalisation of an increasing number of companies.
“Thanks to the process of transformation begun in 2004, SACE today is a market best practice among the export credit agencies both for quality, transparency and balance sheet solidity," commented Alessandro Castellano, CEO of SACE. "The financial performance in 2015, achieved under highly complex market conditions, reflects the validity of our business model and its sustainability over the long term”.
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