📊 Coface records year-to-date net income of €207.7m, up 9.5%. «The Q3 turnover stabilised, after several quarters of lower revenues. Despite a moderate decline, credit insurance recorded a positive net production.» Xavier Durand, Coface CEO. Well done and thank you to all #Coface employees for their #commitment! 😊 🔗 For more information on our #results, visit https://lnkd.in/eb4cQm3b
About us
At Coface, we’ve been managing credit risk for more than 75 years to help companies navigate and grow in an uncertain and volatile environment. We act for trade. As a global leading player in trade credit risk management, we support the growth of 100,000 clients across some 200 markets. Whatever their size, location or sector, we offer companies a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring. Every day, we leverage our unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.
- Website
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https://www.coface.com
External link for Coface
- Industry
- Insurance
- Company size
- 1,001-5,000 employees
- Headquarters
- Bois-Colombes, Paris Area
- Type
- Privately Held
- Specialties
- Credit Insurance, Unpaid invoices, Credit risks, credit-insurance, Protect your receivables, Trade receivables management, Debt collection, Bonding, Factoring, Economic Research, Information, and Trade Credit Insurance
Locations
Employees at Coface
Updates
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📊 Coface records a net profit of €207.7m, up 9.5% since the beginning of the year. "Information services sales recorded another quarter of double-digit growth and have increased 17.2% year-to-date. Debt collection services rose 18.9% from a still low base. These activities, which are structurally profitable, are strategic for Coface and benefit from our continued investments.” Xavier Durand, Coface CEO. 👉 Read all about our #results at https://lnkd.in/eb4cQm3b
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🚀 How to meet the challenges of a more complex than ever international trade? 💪 As a global leading player in trade credit risk management for more than 75 years, Coface is your trusted partner to support your company's growth. Our mission ➡️ to facilitate trade by supporting companies to develop their international business. ✔️ Thanks to our expertise and tailor-made solutions, we protect you against the risks of insolvency and late payment, helping you to thrive in an ever-changing environment. To take action together, visit our website: https://lnkd.in/ePjtukqt #coface #riskmanagement #business
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[Economic Analysis] Latin America: more restrictive credit conditions and much longer payment terms. 📉 ℹ️ Latin American companies are facing a complex economic environment, with average payment terms now reaching 53 days and payment delays extending to 52 days, up from 36 in 2023. The challenges are many 👉 rising interest rates, 📉 weak economic growth and 🏭 competitive pressure... but more than half of companies still remain optimistic that their business will improve in 2024. To find out more about this survey ➡️ https://lnkd.in/gZnP_sYm
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American elections: major economic stakes! 🇺🇸 Between protectionism and taxation, the November 5 election in the United States could reshape the global economy, and the economic implications are huge. 📊 ℹ️ Trump is banking on trade barriers and tax cuts, while Harris is aiming for a balanced approach to strengthening infrastructure and reducing inequality. These choices will potentially influence inflation and interest rates, making this election decisive for the global economy, a matter to be followed! To find out more 👉 https://lnkd.in/ehkMPXWT #Elections2024 #Economy #Inflation #Taxation
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The rating agency Fitch Ratings affirmed yesterday Coface AA- Insurer Financial Strength (IFS) rating. The outlook remains stable. 📈 Fitch has also affirmed Coface SA's Long-Term Issuer Default Rating (IDR) at 'A ', with a stable outlook. 💪 The rating action reflects “Coface’s very strong company profile and capitalisation, as well as a strong profitability through the cycle”. The stable outlook reflects Fitch’s view that “Coface continues to maintain sufficient rating headroom to withstand weaker macro-economic conditions and rising corporate default risk over the next 12-24 months”. More information on https://lnkd.in/et8auwvt
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🌍 Country and Sector Risk Barometer - October 2024: A contrasting start to the global economic year. ℹ️ While the United States confirms a soft landing, the eurozone continues to face multiple uncertainties, particularly in the industrial sector. China, meanwhile, is struggling to revive growth. The combination of initial central bank cuts and more restrictive fiscal policies should lead to a stabilization of global growth in 2025. To find out more 👉 https://lnkd.in/e8aBV3hV #WorldEconomy #Coface #Growth
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🌍 We’re navigating a complex global economy. To come out on top, we must not just react but anticipate. Our latest Coface Barometer serves as your guide to staying ahead, filled with insights and forecasts to help you navigate this landscape: https://lnkd.in/dr2iXrxq 💶 Disinflation is on track in advanced economies, but challenges remain, particularly in the Eurozone. 🏝️ Emerging markets are gaining momentum, playing a significant role in global growth. 📊 Fiscal consolidation is becoming essential, with potential impacts on public finances and taxpayers. Dive into the full report to understand the key trends and risks shaping our economic future. #CofaceBarometer #GlobalEconomy #TradeCredit
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Save the Date | Coface is pleased to invite you to the webinar: "From monetary pivot to fiscal turnaround" 📅 October 24th ⏲️ 11am CEST The event will be hosted by: Bruno De Moura Fernandes, Head of Macroeconomic Research Seltem Iyigun, Middle East and Türkiye Economist Aroni Chaudhuri, Africa Economist Laurine PIVIDAL, Southern Europe Economist with the moderation of Antonella Vona, Region External Communication Director Mediterranean & Africa. The presentation will be followed by a Q&A session. Don't miss it!
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[Economic Analysis] 🚗 Electric vehicles: is Europe still in the driver's seat? On June 8, 2022, the European Parliament voted to ban the sale of new combustion-powered cars by 2035, with the aim of achieving carbon neutrality. But, faced with China's growing dominance, this transition poses challenges for the European automotive industry. 👀 Europe needs to act fast ➡️ Investing in local production and infrastructure is essential to remain competitive while meeting its climate targets. 👉 https://lnkd.in/gwX76qJB #EnergyTransition #AutoIndustry #Innovation
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