May 25, 2023 / 09:30AM GMT
Operator
Ladies and gentlemen, thank you for standing by, and welcome to Coface Results 3M 2023 Conference Call. (Operator Instructions)
I would now like to turn the conference over to the CEO, Xavier Durand. Please go ahead.
Xavier Pascal Durand - COFACE SA - CEO & Chairman of Management Board
Thank you. Welcome, everybody, to this first quarter publication call. We're happy to report our net income at EUR 61.2 million for the first quarter. As you know, this is the first time we will be reporting under the new format of IFRS 17 and IFRS 9 accounting standards. We have provided in April a pro forma view of 2022 quarter-by-quarter. So we will be comparing this quarter, the first quarter 2023 to the pro forma 2022 that we had previously disclosed. So under those precisions, our turnover as you see, is up 11.4% at constant FX and perimeter. And if you look down the list of our products, you see that Trade Credit Insurance is growing almost 11%, the client retention is breaking yet another record at almost 96%, pricing is down 1.5%, but less than it did, I
Coface SA Risks in the Main Export Markets Webinar (Spanish) Transcript
May 25, 2023
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers