Yawal S.A. has been issued with a “Golden Payer 2016” certificate

For the last three years, Euler Hermes has been running a programme which recognises the companies which maintain the highest payment standards.

Euler Hermes’ Receivables Analysis Programme is an information exchange platform on the timeliness of discharging payment obligations. It identifies reliable business partners which are at the top of the Payment Morality Index. Euler Hermes grants its certificate only to 5% of the companies which participate in the analysis.


In 2017, the distinction and certificate of the “Golden Payer” for 2016 were awarded to both companies forming our Group. Both Yawal S.A. and Final S.A. have achieved a result much better than the average value.