08/12/2021
Corporate news
Coface reports first-half net income of €123.2m, confirming an excellent start to the year. Turnover: €768m, up 7.4% at constant FX and perimeter.
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07/28/2021
Country risk and economic studies
The metals used in electric vehicles, such as lithium, cobalt and copper, are at the heart of the revolution currently taking place in the automotive industry. But imbalances between supply and demand are pushing up their prices, even though the market share of electric vehicles remains modest. In its latest analysis, Coface does not foresee any major changes in these price trends over the next two years.
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07/15/2021
Country risk and economic studies
18 months after the start of the pandemic, access to vaccination is now the main factor setting the pace of people's daily lives and the global economy. GDP growth forecasts for 2021 have been revised upwards (+5.6%), but this is mainly the result of positive surprises from the United States. These improved growth prospects are reflected in world trade: after a 5% decline in volume last year, Coface forecasts an 11% increase for 2021.
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06/30/2021
Country risk and economic studies
Remote work has emerged as a new norm during the Covid-19 pandemic. This cultural shift could allow companies located in developed countries to hire teleworking talent in emerging countries to reduce their labour costs.
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05/11/2021
Corporate news
Turnover: €378m, up 4.2% at constant FX and perimeter
Trade credit insurance growing by 6.1% at constant FX benefiting from stabilising client activity
Client retention close to record highs; positive price effect (+2.9%)
Business Information continues to grow (+9% at constant FX)
Factoring and debt collection down on lower volumes
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04/20/2021
Country risk and economic studies
As the world's largest importer, and second largest exporter of manufactured goods, the United States has had a trade deficit since the early 1970s. Using an analysis based on historical estimates of a potential trade balance, Coface estimates that the deficit could grow by 56 billion dollars as a result of the stimulus plan.
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03/16/2021
Country risk and economic studies
In 2020, and even if the real impact of the COVID-19 crisis remains uncertain, the number of insolvencies actually fell in all major European economies. According to our research, the gap between the expected deterioration of the companies’ financial health and the number of insolvencies suggests that there is a high number of “hidden insolvencies” that have been postponed, rather than prevented.
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02/09/2021
Country risk and economic studies
In its latest quarterly Barometer and on the occasion of the publication of the country and sector risk guide, Coface highlights an uneven recovery across countries, sectors of activity and income levels.
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01/21/2021
Corporate news, Country risk and economic studies
This year at our Country Risk Conference: 3 round tables to embrace the new business risks in a post-covid world.
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06/18/2020
Country risk and economic studies
Coface forecasts that the recession in 2020 (a 4.4% drop in world GDP) will be stronger than that of 2009. Despite the recovery expected in 2021 (+5.1%) – assuming there is no second wave of the coronavirus pandemic – GDP would remain 2 to 5 points lower in the United States, the eurozone, Japan, and the United Kingdom, when compared to 2019 levels.
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05/27/2020
Country risk and economic studies
Early 2020 marked by a sudden interruption in world trade, hampered by a global recession and soaring uncertainty
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Following the containment measures taken by several European governments in connection the fight against spread of the Covid 19 we had decided to provide you with support in the form of an extension of the period for Notifying Overdue Accounts by 60 days. We informed you about this decision at the end of March.
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04/23/2020
Corporate news
Xavier Durand, Coface CEO, commented: “The coronavirus crisis presents an unprecedented shock for our economies and for the credit insurance industry. First and foremost, I am very proud of our teams’ successful efforts to continue supporting our customers despite the containment measures (...)"
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07/30/2019
Corporate news
Net income up 25% at €78.5m, RoATE at 9.6% and Partial Internal Model submitted
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05/25/2017
Corporate news, Product news
Coface’s new customer portal and fully revamped CofaNet online credit insurance contract management tool are being launched today. With the new solutions, customers will benefit from innovative features, unique access, customised content, advanced ergonomics, real time results displays and easier contacts.
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05/24/2017
Country risk and economic studies
„Is Europe standing at the crossroads, or has it already missed?“
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11/04/2016
Country risk and economic studies
Periods of economic crisis naturally lead to heightened political uncertainty and this aspect is crucial in assessing country risks
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10/19/2016
Country risk and economic studies
Despite the solidity of Germany’s economy, payment delays are still commonplace
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09/20/2016
Corporate news
From September 1st 2016 Pavel Schweiner was appointed new Country Manager of Coface Czech Republic.
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08/31/2016
Country risk and economic studies
2015 was a good year for Central and Eastern Europe. The average GDP growth was 3.3%, after 2.6% in 2014. Private consumption was rising due to declining unemployment and increasing wages. EU funds supported investments. In short: CEE was faced with a booming economy. But how did the largest businesses perform?
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