Press release

Milan, June 24th 2015– According to Cerved quarterly monitor, in the first three months of 2015 there has been a substantial improvement in both data on non-payment protests and in the payment time of companies. A figure that confirms the positive trend already recorded at the end of 2014. This situation has to be considered as part of the restructuring process of Italian economy that shows, from one hand, the way-out from the markets of the most fragile companies and, from the other hand, the consolidation of the economic-financial situation of the companies that have survived.