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Q3 2022 Coface SA Earnings Call Transcript
Good day, and thank you for standing by. Welcome to the COFACE Publication of 9 Months 2022 Results Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Xavier Durand. Please go ahead.
Thank you, and welcome, everyone, to this earnings call. We're happy today to report our first 9 months of 2022. As you will see from the publication, it's been another great -- actually a record quarter for Coface. A bit of a paradox as at the same time, I guess, we're all aware of the risks out there in the economy.
Just going quickly through the key numbers. You see that for the first 9 months, we're reporting EUR 228 million of profit. So actually, more than all of the last year, 2021, EUR 84 million in the third quarter, which is actually, I think, our best quarter ever. Turnover, up 15.2% at constant FX and perimeter, almost 18% on a reported basis. TCI continues to grow nicely at 16.6%. We still see
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