Q1 2025 Coface SA Earnings Call Transcript
Good day and thank you for standing by. Welcome to Coface's first-quarter results presentation. (Operator Instructions) Please be advised that this conference has been recorded.
I would now like to hand the conference over to a speaker today, Xavier Durand. Please go ahead.
Thank you very much and good evening. Thanks to all of you for joining. Happy to report today. Our first quarter, 2025, numbers, you will have seen from the headline, it continues to be a good story for Cofa. We're reporting net income at 62.1 million.
The turnover is up 2% at constant FX and perimeter. With trade credit insurance growing actually 1.2%, that's that's an inversion of the trend that we had last year as we've had, I think, a negative or zero activity through most of the year. Client activity is up 1.2% for this quarter.
Client retention near our record at 95%. Pricing still down but in pretty much in line with the prior year, and with
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