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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 Dividend Per Share At EUR 0.79
Thursday, 28 Mar 2019 

March 28 (Reuters) - Coface SA ::REG-COFACE SA: DIVIDEND PER SHARE AT 0.79€, REPRESENTING 100% OF EPS.NATHALIE BRICKER AND NICOLAS MOREAU ARE PROPOSED AS NEW DIRECTORS.  Full Article

Coface Current Operating Income Increases to 208.9 Million Euros
Monday, 11 Feb 2019 

Feb 11 (Reuters) - COFACE SA ::FY CURRENT OPERATING INCOME EUR 208.9 MILLION VERSUS EUR 155.0 MILLION YEAR AGO.FY NET INCOME (GROUP SHARE) OF EUR 122.3M; OF WHICH EUR 24.1M IN Q4-2018..FY NET LOSS RATIO AT 45.1%.PROPOSED PAY-OUT OF 100% OF YEAR'S RESULTS OF WHICH AT LEAST 60% AS A DIVIDEND.FY COMBINED RATIO NET OF REINSURANCE 79.6 PERCENT VERSUS 86.7 PERCENT YEAR AGO.COFACE MAINTAINS ITS OBJECTIVE OF SUBMITTING ITS APPLICATION FOR APPROVAL OF ITS INTERNAL MODEL IN SUMMER OF 2019..GROUP'S SOLVENCY RATIO, ARE NOW EXPECTED TO BE IMPLEMENTED IN 2020..OBJECTIVES OF DELIVERING A NET COMBINED RATIO OF AROUND 83% THROUGH CYCLE AND ACHIEVING A ROATE OF 8% + 1% ARE MAINTAINED..  Full Article

Coface Announces Signature Of Agreement To Acquire PKZ, Credit Insurance Subsidiary Of SID Bank
Thursday, 6 Sep 2018 

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 

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 

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 

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 

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 

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 

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 

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

French and Benelux stocks-Factors to watch

March 27 Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks.