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Two Blokes May 5 -
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Coface records a good start to the year with net income of €62.1m, for an RoATE of 12.7% Paris, 5 May 2025 – 17.35 Turnover: €473m, up 2.0% at constant FX and perimeter Trade credit insurance revenue up 1.2%; client activity also increased by 1.2% Client retention back up at near-record (95.0%); pricing remained negative (-1.3%) in line with historical trends Business information growing again double-digit (+14.7% at constant FX, +18.4% at current FX). Debt collection up +14.8%; factoring was down slightly by -0.7% Net loss ratio at 39.1%, up by 3.3 ppts; net combined ratio at 68.7%, up by 5.6 ppts and stable compared to Q4-24 Gross loss ratio at 38.7%, up by 5.5 ppts with higher opening year reserving and reserve releases stable at a high level year on year Net cost ratio increased 2.2 ppts to 29.5%, reflecting continued investments partially offset by better product mix Net income (group share) at €62.1m, down by -9.2% compared to Q1-24 Annualised RoATE 1 at 12.7% Unless otherwise indicated, change comparisons refer to the results as at 31 March 2024 Xavier Durand, Coface's Chief Executive Officer, commented: “With a net income of €62.1m and an RoATE of 12.7%, Coface posted another quarter of solid results in a highly volatile environment.
