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Coface SA (COFA.PA)

COFA.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Coface Announces Signature Of Agreement To Acquire PKZ, Credit Insurance Subsidiary Of SID Bank
Thursday, 6 Sep 2018 12:00pm EDT 

Sept 6 (Reuters) - COFACE SA ::ANNOUNCES THE SIGNATURE OF AN AGREEMENT TO ACQUIRE PKZ, THE CREDIT INSURANCE SUBSIDIARY OF SID BANK.COFACE EXPECTS A SLIGHTLY POSITIVE IMPACT ON ITS EARNINGS PER SHARE IN 2019 AND A NEUTRAL IMPACT ON ITS SOLVENCY RATIO.  Full Article

Coface H1 Current Operating Income Up At 101.2 Million Euros
Wednesday, 25 Jul 2018 12:00pm EDT 

July 25 (Reuters) - COFACE SA ::H1 CURRENT OPERATING INCOME EUR 101.2 MILLION VERSUS EUR 47.4 MILLION YEAR AGO.H1 NET INCOME EUR 62.8 MILLION VERSUS EUR 20.2 MILLION YEAR AGO.H1 REVENUE EUR 685.0 MILLION VERSUS EUR 691.7 MILLION YEAR AGO.H1 COMBINED RATIO NET OF REINSURANCE 77.0 PERCENT VERSUS 93.7 PERCENT YEAR AGO.END-H1 SOLVENCY RATIO WAS 163 PERCENT.H1 GROSS EARNED PREMIUMS EUR 560.7 MILLION VERSUS EUR 565.6 MILLION YEAR AGO.CONFIRMS ITS ANTICIPATION OF A GOOD YEAR 2018.HOWEVER, H2 SHOULD SEE LOSS LEVELS TO REVERT TO MIDDLE-OF-CYCLE RANGE.IN TERMS OF SAVINGS, TARGET OF €30 MILLION IN 2018 WILL PROBABLY BE SLIGHTLY EXCEEDED.PLANS TO INVEST €19 MILLION THIS YEAR IN LONG-TERM VALUE CREATION.  Full Article

Coface Q1 Net Result Up At 35.5‍​ Million Euros
Tuesday, 24 Apr 2018 11:37am EDT 

April 24 (Reuters) - COFACE SA ::Q1 NET RESULT (GROUP SHARE) EUR 35.5‍​ MILLION VERSUS EUR 7.3 MILLION YEAR AGO.Q1 UNDERWRITING INCOME AFTER REINSURANCE EUR 52.4 MILLION VERSUS EUR 14.5 MILLION YEAR AGO.Q1 REVENUES EUR 344.0‍​ MILLION VERSUS EUR 348.3 MILLION YEAR AGO.Q1 COMBINED RATIO NET OF REINSURANCE ‍​72.5 PERCENT VERSUS 92.0 PERCENT YEAR AGO.Q1 CURRENT OPERATING INCOME EUR ‍​60.7 MILLION VERSUS EUR 20.1 MILLION YEAR AGO.Q1 GROSS EARNED PREMIUMS EUR 278.4‍​ MILLION VERSUS EUR 282.2 MILLION YEAR AGO.ANTICIPATES GOOD YEAR 2018 ESPECIALLY IN H1.MAINTAINS OBJECTIVES FOR 2018.PLANS TO INVEST EUR 19 MILLION IN 2018 IN CREATION OF VALUE IN LONG TERM.  Full Article

Coface Announces Share Buyback Of Total Amount Of 30 Million Euros​
Monday, 12 Feb 2018 11:36am EST 

Feb 12 (Reuters) - COFACE SA ::‍ANNOUNCES A SHARE BUYBACK OPERATION TARGETING A TOTAL AMOUNT OF 30 MILLION EUROS​.‍WILL START BUYING BACK ITS OWN SHARES WITH EFFECT FROM 15 FEBRUARY 2018 AND UNTIL OCTOBER 2018 LATEST​.INTENDS TO CANCEL ALL REPURCHASED SHARES.  Full Article

Coface Doubles its FY Net Income To 83.2 Million Euros
Monday, 12 Feb 2018 11:36am EST 

Feb 12 (Reuters) - COFACE SA ::REG-COFACE SA : COFACE DOUBLES NET INCOME TO €83.2M, AND ACTIVATES THE CAPITAL OPTIMISATION LEVER PROVIDED FOR IN ITS FIT TO WIN PLAN.NET LOSS RATIO IMPROVED TO 41.8% IN Q4-2017.FY CONSOLIDATED REVENUES EUR 1.36 BILLION VERSUS EUR 1.41 BILLION YEAR AGO.HAS ALREADY ACHIEVED €19M COST SAVINGS, MAINTAINS ITS OBJECTIVE OF €30MILLION SAVINGS IN 2018‍​.INTENDS TO INVEST €19M IN LONG-TERM VALUE CREATION.MAINTAINS ITS OBJECTIVE TO DELIVER A NET COMBINED RATIO OF AROUND 83% THROUGH THE CYCLE.FY OPERATING INCOME EUR 154.4 MILLION VERSUS EUR 114.4 MILLION YEAR AGO.FY COMBINED RATIO NET OF REINSURANCE 86.7 PERCENT VERSUS 97.4 PERCENT PUBLISHED YEAR AGO.PROPOSED DIVIDEND: 0.34 € PER SHARE (I.E. C.64% OF EARNINGS PER SHARE).  Full Article

Coface Q3 operating income up at 51.7 million euros
Wednesday, 25 Oct 2017 11:41am EDT 

Oct 25 (Reuters) - Coface Sa :‍ANTICIPATES REACHING EUR 15M COST SAVINGS IN 2017​.‍AFFIRM ITS COST SAVINGS TARGET OF EUR 30M FOR 2018​.‍CONFIRMS EUR 30M INVESTMENT FOR PERIOD 2017-2019​.‍RESTRUCTURING EXPENSES WILL BE LOWER THAN PREVIOUSLY ANTICIPATED​.‍9 MONTH TURNOVER: EUR 1,021.2M DOWN (0.3)% AT CONSTANT PERIMETER AND EXCHANGE RATES ​.‍Q3 2017 TURNOVER UP +0.2% ON A COMPARABLE BASIS​.‍9 MONTH NET INCOME (GROUP SHARE) AT EUR 55.0M​.Q3 REVENUES EXCLUDING SALE OF SEGM OF EUR ‍​329.4 MILLION VERSUS EUR 334.3 MILLION YEAR AGO.Q3 OPERATING INCOME EXCLUDING SEGM EUR ‍​51.7 MILLION VERSUS LOSS EUR 3.4 MILLION YEAR AGO.Q3 NET INCOME EXCLUDING SEGM EUR 34.8 MILLION VERSUS LOSS OF EUR 16.4 MILLION YEAR AGO‍​.  Full Article

Coface improves its full-year guidance
Thursday, 28 Sep 2017 01:30am EDT 

Sept 28 (Reuters) - COFACE SA :REG-COFACE IMPROVES ITS FULL-YEAR GUIDANCE: LOSS RATIO NET OF REINSURANCE NOW SEEN BELOW 54%, A 4PPTS IMPROVEMENT.‍NET LOSS RATIO FOR SECOND HALF OF 2017 SHOULD BE BELOW 50%.​.  Full Article

Coface signs 700 million euro syndicated loan agreement
Friday, 4 Aug 2017 11:45am EDT 

Aug 4 (Reuters) - COFACE SA : :REG-COFACE SA : COFACE SA SIGNS €700M SYNDICATED LOAN AGREEMENT.THIS SYNDICATED LOAN REPLACES EXISTING BILATERAL CREDIT LINES..  Full Article

Coface H1 revenue at EUR ‍​691.7 million, improving 2017 net loss ratio guidance at below 58% ​
Friday, 28 Jul 2017 02:07am EDT 

July 28 (Reuters) - COFACE SA : :H1 REVENUE EUR ‍​691.7 MILLION VERSUS EUR 716.7 MILLION YEAR AGO.H1 OPERATING INCOME EUR 46.5 MILLION VERSUS EUR 51.8 MILLION YEAR AGO.H1 NET INCOME EUR 20.2 MILLION VERSUS EUR 25.6 MILLION YEAR AGO.‍COFACE H1-RESULTS: OPERATING INCOME UP 17.5% AND NET INCOME AT EUR 20.2M; IMPROVING 2017 NET LOSS RATIO GUIDANCE AT BELOW 58%​.‍IMPROVING GUIDANCE FOR 2017: NET LOSS RATIO 3PTS BETTER, AT BELOW 58%​.‍CONFIDENT IT WILL ACHIEVE ITS EUR 10M COST SAVINGS TARGET IN 2017, WHILE INVESTMENTS AND RESTRUCTURING CHARGES FOR YEAR ARE EXPECTED TO AMOUNT TO EUR 21M.​.  Full Article

Coface Q1 net income at 7.3 million euros
Wednesday, 26 Apr 2017 11:36am EDT 

April 26 (Reuters) - Coface SA ::Coface: net income at EUR 7.3 million ($7.94 million) driven by an improvement in net loss ratio / fit to win progressing as planned.Q1 net loss ratio at 58.2 pct, net combined ratio at 92.0 pct.Q1 combined ratio net of reinsurance of 92.0 percent versus 87.0 percent year ago.Q1 gross earned premiums EUR 282.2 million versus EUR 288.5 million year ago.Reached EUR 2.0 mln cost savings year-to-date, in line with eur 10m objective for year.Q1 net result group share EUR 7.3 million versus EUR 22.3 million year ago.Q1 operating income EUR 19.2 million versus EUR 36.3 million year ago.Q1 investment income net of expenses EUR 5.6 million versus EUR 10.8 million year ago.Q1 underwritting income after reinsurance EUR 14.5 million versus EUR 26.5 million year ago.Reminder of 2017 guidance: net loss ratio below 61 pct for full year.Anticipate a net loss ratio below 61 pct in 2017.Plan to achieve EUR 10 million costs savings in 2017.Investments and restructuring charges for year should amount to EUR 21 mln in 2017.  Full Article

BRIEF-Coface Q1 Net Result Up At 35.5‍​ Million Euros

* Q1 NET RESULT (GROUP SHARE) EUR 35.5‍​ MILLION VERSUS EUR 7.3 MILLION YEAR AGO