April 24, 2018 / 4:15 PM / a month ago

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

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

* MAINTAINS OBJECTIVES FOR 2018

* PLANS TO INVEST EUR 19 MILLION IN 2018 IN CREATION OF VALUE IN LONG TERM Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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