Average supplier payment period

In accordance with Law 31/2014, of December 3rd, modifying Law 15/2010, of July 5th, which in turn modified Law 3/2004, of December 29th, in which measures are established against late payment in commercial transactions, mercantile companies are obliged to explicitly publish in their Annual Accounts and website its average time period for payments to suppliers.

As of December 31st, 2019, Línea Directa Group had an average time period of 24.27 days for payments to its suppliers, that is, less than the maximum legal time frame of 30 days for payments (which can be amended to 60 days if agreed by the parties) applicable to business transactions according to the aforementioned law.