Coface reports 2022 ppt 2%, up by 9. Annualised return on tangible equity at 16. 8M NET INCOME OF WHICH €32. 3M-2022 results Page 2 / 8 Key figures at 31 March 2022 The Board of Directors of COFACE SA examined the summary consolidated financial statements for the first three months (non-audited) during its meeting on 28 April 2022. 7%) Feb 16, 2023 · Coface SA is one of the world's leaders in credit insurance. The new government is led by Giorgia Meloni, whose Fratelli d’Italia (FdI) secured 26% of the vote. 8 ppts, as normalization of risk environment continues Explore comprehensive financial reports, solvency assessments, CSR disclosures, and annual reports. 2m Paris, 25 May 2023 – 17. For more than 75 years, we’ve been supporting the growth of companies, helping them navigate in an uncertain and volatile environment. 1% with revenue from other activities up 6. 4% at constant FX and perimeter and up 15. 4% compared to 2021 at constant FX and perimeter. This would restrict manufacturing activity, which contracted continuously from October 2022 to August 2023. 4% driven by high client activity in still inflationary environment As a global leading player in trade credit risk management, Coface leverages its unique expertise and cutting-edge technology for 100,000 clients across some 200 markets. 4M NET PROFIT IN H1-2022; SOLVENCY AT 192% Turnover reached €895m y-t-d, up 14. 4% at constant FX and In the event of a resolution, services will benefit from the rebound in tourism (3. 3%, up by 3. 0% The country is also likely to face weak demand from its main trade partner, China (12. 8%, up by 3. Revenues from insurance activities (including surety bonds and single risk) increased by +5. Feb 16, 2023 · In 2022, Coface recorded a consolidated turnover of €1,812. 6% at constant FX and perimeter: Client retention and new business achieve record levels, with a positive net production of €33m. 6% at constant FX and perimeter and up 16. 08 COUNTRY RISK ASSESSMENT MAP A geographic overview Coface expects China’s GDP growth to accelerate to between 4% and 5% in 2023. Coface reports a positive net income for the second quarter 2020 and continues to implement its strategic plan Build to lead Turnover for the first semester: €725m, down 0. 4% of goods exports in 2022), which has been struggling to recover since its zero-Covid policy ended in late 2022. 35 Coface applied IFRS 17 and IFRS 9 accounting standards starting on 1 January 2023. 6% driven by high client activity in still inflationary environment COFACE REPORTS €207. The provisioning rate for the 2022 underwriting year stood at 80. 3% at constant FX and perimeter › Trade Credit Insurance growing +9. The group provides solutions to companies designed to protect them against the risk of financial default by their debtors, as part of the management of their accounts receivable, on both their domestic and export markets. 0m in q3-22 Turnover reached €1,363m y-t-d, up 15. The original language version of the document in French prevails over the translation. 4% in 20/21). 2% reflecting high reinsurance commissions and business mix while we continue to invest in our After peaking at 9. 5% • Turnover for the first half-year: €768m, up 7. 4% at constant FX and perimeter. 4m net profit in 9m-2022 of which €84. 35 Turnover of first nine months: €1,363m, up 15. 6 ppt at 25. 3 ppt at 64. As a global leading player in trade credit risk management, Coface leverages its unique expertise and cutting-edge technology for 100,000 clients across some 200 markets. 8 kB) 2022 09 21 - COFACE SA announces the success of its debt management exercise As a global leading player in trade credit risk management, Coface leverages its unique expertise and cutting-edge technology for 100,000 clients across some 200 markets. The Swedish economy in 2024 faces a complex interplay of trends. 3 ppts, in a risk environment getting closer to historical average › Net cost ratio improved by 1. 4% at constant perimeter and FX As a global leading player in trade credit risk management, Coface leverages its unique expertise and cutting-edge technology for 100,000 clients across some 200 markets. 2% reflecting high reinsurance commissions and business mix while we continue to invest in our The Coface 2022 Asia Corporate Payment Survey was conducted between November 2021 and February 2022. This recognizes our team's hard work and attests to Coface's agility and resilience, as well as the quality of its risk management, which are at the heart of our culture and expertise. 7% on a reported basis Dec 31, 2024 · 2022 10 27 - PR Coface reports a new record result of €84. It covered almost 2,800 companies from nine markets and 13 sectors located in the Asia-Pacific region. Coface releases its financial results for the full year of 2022 with a record net income at €283. Feb 16, 2023 · COFACE REPORTS €283. On 8 September 2023, the northern slopes of the Haut-Atlas Mountain range were hit by an earthquake that measured 6. 1m and 80% pay-out ratio Jul 28, 2022 · Coface SA is one of the world's leaders in credit insurance. 2% of GDP in 2022-2023). Combined with the unique Coface Insurance payment experience, it is the perfect product for your credit and risk management. As a result, Coface has been able to deliver an annualised RoATE of 15. All comparisons are made with IFRS 17 pro forma 2022 numbers disclosed on 27th April 2023 Turnover reached €475m y-t-d, up +11. Coface reports first-half net income of €123. 6% driven by high client activity in still inflationary environment Unless otherwise indicated, change comparisons refer to the results as at 31 December 2022 (applying IFRS 17 methodology) 1 Return on average tangible equity. Turnover of first nine months: €1,363m, up 15. 9M IN Q4-2021 Turnover reached €1,568m y-t-d, up by +8. pdf (336. 4% at constant FX and perimeter As a global leading player in trade credit risk management, Coface leverages its unique expertise and cutting-edge technology for 100,000 clients across some 200 markets. 4% Paris, 27 October 2022 – 17. 8% at constant FX and perimeter › Trade Credit Insurance premiums growing by 14. 7% driven by high client activity › Client retention at record highs (94. 6% in 2022, to just 1% in the first three quarters of 2023. 5% on a reported basis › Trade Credit Insurance premiums growing by 16. 4 ppts, in a risk environment getting closer to normalization › Net cost ratio improved by 1. 0m in Q3-2022. Revenues from insurance activities (including bonding and Single Risk) increased by +14. 2m, up +6. 0% compared to 2022 at constant FX and perimeter. Single solvency and financial conditions reports. Unless otherwise indicated, change comparisons refer to the pro forma IFRS 17 results as at 30 September 2022. 5% of GDP in 2022-2023 before the conflicts) and Suez Canal traffic (2. 6% of GDP in 2022-2023 after 7. 2M, UP +17. 8 ppts. Coface reports a new record result of €84. 0% at constant FX with continued subdued client activity contribution › Q3-24 revenue stabilising at -0. 0% up 0. 6m in 9M-24, down -2. 14 SECTORS Coface sector risk assessments P. In no way does Coface assume any responsibility for any investment or other decisions made based upon the information provided on this translation. 0% Coface applies IFRS 17 and IFRS 9 accounting standards since 1st January 2023. 4 Q1-2022 RESULTS | PRESENTATION TO FINANCIAL ANALYSTS | 28 APRIL 2022 COFACE REPORTS STRONG Q1-2022 WITH €66. 3 ppt. 6% on a reported basis › Trade Credit Insurance premiums growing by 14. 9% but increased 10. 6%. COFACE REPORTS Q1-2023 NET INCOME AT €61. Oct 27, 2022 · Coface reports a new record result of €84. The Coface 2022 Asia Corporate Payment Survey was conducted between November 2021 and February 2022. When available, the URD is presented here in its various forms: PDF, XHTML or online version. e. 7%) %PDF-1. 2 ppts vs pro forma H1-2022 › Gross loss ratio at 39. 4 ppts excluding 2021 government schemes impact › Gross loss ratio at 31. All comparisons are made using the 2022 pro forma IFRS 17 figures presented on 27 April 2023 Turnover: €475m, up 11. 7% reflecting high reinsurance commissions and business mix while we continue to invest 9M-2022 results Page 1 / 8 Coface reports a new record result of €84. Western sanctions against Russia have benefited the Chinese car industry: Russia was the leading importer of Chinese vehicles in 2023, importing 900,000 units. 1% in mid-2022, CPI inflation rapidly decelerated and has stabilised at around the 3% mark since mid-2023, i. 3 ppt vs pro forma 9M-2022 › Gross loss ratio at 38. Growth should remain robust in 2025, mainly thanks to the oil sector, whose real weight in the economy far exceeds its direct contribution to GDP (5. 8%); pricing down (-2. Corporate Social Responsibility (CSR) report. 5% up 2. 2%, which remains high and equivalent to 2020. 4% of GDP in 2023), since neither the theft of hydrocarbons, nor their clandestine extraction, nor the knock-on effects on the economy as a whole (foreign currency inflows, budget revenues Feb 16, 2023 · En 2022, Coface a enregistré un chiffre d’affaires consolidé de 1 812,0 M€, en hausse de +13,4% à taux de change et périmètres constants par rapport à 2021. 7% driven by activity recovery and past repricing Since 2022, signs of improvement - albeit relative - in the country's human rights record have led to a gradual resumption of international cooperation, mainly from Western and multilateral donors, such as the US, the World Bank, the IMF and the EU, which have recommitted more than a billion dollars over the 2022-2027 period. 2m, confirming an excellent start to the year. 4 kB) 2022 10 11 - PR Moody’s raises the outlook for Coface. 1% driven by high client activity in inflationary environment 4 Q1-2022 RESULTS | PRESENTATION TO FINANCIAL ANALYSTS | 28 APRIL 2022 COFACE REPORTS STRONG Q1-2022 WITH €66. 1 Million and an Impressive 80% Payout Ratio, Demonstrating Strong Financial Performance. But Korean economic activity is expected to pick up in 2024, driven by a recovery in global electronics. FY-2022 net loss ratio increased by 2. Growth has decelerated from 2. Following lacklustre economic growth in 2022 due to poor cereal harvests, activity accelerated in 2023 thanks to a rebound in tourism, despite the earthquake. This reflects Coface’s anticipation of economic uncertainty, provisions for Russia and a likely increase in the number of large business failures. 4% at constant FX and perimeter - Trade credit insurance premiums increased by 8. 7M NET PROFIT IN 9M-2024 OF WHICH €65. coface reports €228. Merchandise goods exports were down 12% y/y in the first nine months of 2023, as shipments of ICT, home appliances, computers and petrochemical “In the second quarter, Coface posted a net income of €78 million, a record performance for a single quarter, despite taking into account the impact of crisis in Ukraine. 9M-2023 net loss ratio at 40. H1-2023 net loss ratio at 40. COFACE REPORTS €207. 8%. 7% driven by activity recovery and past repricing 4 H1-2022 RESULTS | PRESENTATION TO FINANCIAL ANALYSTS | 28 JULY 2022 COFACE REPORTS €144. As reported (at current FX and perimeter), turnover rose +3. Trade Credit Insurance premiums growing by 16. , above the Fed’s 2% target. A pivotal period for President Tinubu's ambitious reforms. Net combined ratio at 65. 1m net profit in 2022 of which €54. 1 ppt at 25. 1% at constant FX and perimeter › Insurance revenue decreasing by -4. Interest rate cuts will help but not completely reinvigorate the economy. 0% As a global leading player in trade credit risk management, Coface leverages its unique expertise and cutting-edge technology for 100,000 clients across some 200 markets. Following the collapse of the technocratic Draghi administration in July 2022, a right-wing coalition secured a comfortable victory (43% of the vote) in the September 2022 snap elections. Turnover In 2022, Coface recorded a consolidated turnover of €1,812. Annualised return on tangible equity at 16. 5%, reflecting the improvement in the economic environment FY-2022 results Page 3 / 8 1. Annualised return on tangible equity at 13. 7% reflecting high reinsurance commissions and business mix while we continue to invest As a global leading player in trade credit risk management, Coface leverages its unique expertise and cutting-edge technology for 100,000 clients across some 200 markets. FY-2022 net loss ratio increased by 2. Paris, 27 October 2022 – 17. On a reported basis (at current FX and perimeter), turnover was up +15. 2% at constant FX and perimeter and up 17. 6% driven by high client activity in still inflationary environment Strict management of past claims enabled Coface to record 51. Tight credit conditions have not only impacted household consumption but also resulted in a decline in business investment as variable interest rates frequently used by households and businesses contribute to the overall economic slowdown. Chinese businesses had to be more As a global leading player in trade credit risk management, Coface leverages its unique expertise and cutting-edge technology for 100,000 clients across some 200 markets. 0m, up +13. 42 COUNTRIES Economic assessment and 2021 outlook for 162 countries COFA COUNTRY & SECTOR RISKS HANDBOOK 2021 1 P. . CEO of Coface P. 8 on the Richter scale, around 75 km south-west of Marrakech, the Coface's FY 2022 Results: Achieving Record Net Income of €283. 7M IN Q4-22 Turnover reached €1,812m y-t-d, up 13. Bernard Aw, Chief Economist for Asia Pacific at Coface, said:“Despite businesses facing an economic slowdown in 2022 due to the Omicron wave and the subsequent strict lockdown response, credit terms lengthened during the year. 7% on a reported basis . 06 COFACE GLOBAL ASSESSMENTS Tools for identifying, assessing and monitoring the risks businesses are facing P. 7 ppts at 36. 6 ppts of recoveries. 2M NET INCOME Turnover reached €431m y-t-d, up 12. En données publiées (à périmètre et changes courants), le chiffre d’affaires progresse de +15,6%. 2% at As a global leading player in trade credit risk management, Coface leverages its unique expertise and cutting-edge technology for 100,000 clients across some 200 markets. 7%) H1-2023 net loss ratio at 40. - Xavier Durand, Coface’s Chief Executive Officer . 0%; Net combined ratio increased by 0. pdf (642. 4%. 4% since the beginning of the year, well above its mid-cycle targets. Russia's partial isolation since 2022 created a significant export channel for Chinese carmakers (combustion cars), while Western, Japanese, and Korean manufacturers have withdrawn. However, PCE inflation (the Fed’s preferred measure) is on a clearer downward trend, and the labour market shows multiple signs of loosening despite strong job growth. 4% driven by high client activity in still inflationary environment coface reports €283. 4M IN Q3-2024 Turnover reached €1,376. Full reports are available in all 195 countries, with an instant delivery or within an optimized respond time from 1 to 9 days depending on countries selected. UNIVERSAL REGISTRATION DOCUMENT INCLUDING THE ANNUAL FINANCIAL REPORT 2022 OVERVIEW OF COFACE 1 As a global leading player in trade credit risk management, Coface leverages its unique expertise and cutting-edge technology for 100,000 clients across some 200 markets. 7% on a reported basis › Trade Credit Insurance premiums growing by 16. 6% on a reported basis Trade Credit Insurance premiums growing by 14. The elimination of the parallel market premium will restore expatriate remittances through formal channels (5. 7m in q4-22 Turnover reached €1,812m y-t-d, up 13. 7 %µµµµ 1 0 obj >/Metadata 2718 0 R/ViewerPreferences 2719 0 R>> endobj 2 0 obj > endobj 3 0 obj >/ExtGState >/Font >/ProcSet[/PDF/Text/ImageB/ImageC The information contained in this document is a free translation of the Coface Group’s Interim Financial Report for the first semester 2022 (“Rapport Financier, premier semestre 2022”) and while efforts are made to provide an accurate translation, there may be material errors, omissions or inaccuracies in the reporting. 2 This estimated solvency ratio is a preliminary calculation made according to Coface’s interpretation of Solvency II regulations and using the Partial Internal Model. Coface online platform for managing your trade receivables. The Audit Committee had previously reviewed them at its meeting on 27 April 2022. Net combined ratio at 66. 4%, up by 7. 1M NET PROFIT IN 2022 OF WHICH €54. 4 FY-2021 RESULTS | PRESENTATION TO FINANCIAL ANALYSTS | 15 FEBRUARY 2022 COFACE REPORTS €223. Feb 27, 2024 · In 2023, Coface recorded a consolidated turnover of €1,868. 2%, up by 1. Coface records a very good start to the year with a net income of €61. escp kpwpjp bjzcjcf wns vigb izy cfxxs frccb prieii xspx