Thursday, February 22 2018 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
Updated: 42 min 15 sec ago
Full-year results 2017: Coface doubles net income to €83.2m, and activates the capital optimisation lever provided for in its Fit to Win plan
Turnover: €1 354.9m, up 0.3% at constant scope and exchange rates. Net loss ratio 51.4%, improved by 14.1 pts; annual net combined ratio at 86.6%.
In the second pillar of its Fit to Win plan, Coface aims at improving the capital efficiency of its business model. The Group published today an estimated Solvency ratio of ~166%, above its target range.
During its annual conference on country and sector risks, Coface shares with companies its vision of the major global economic trends for 2018
Turkey’s economy recorded substantial growth during the first three quarters of 2017, up by 7.4% compared to a year earlier. This was achieved despite the series of shocks which occurred in the country in 2016 (...)
Although dynamic, France’s organic food sector could be forced to abandon its original principles in order to increase scale
The increasing preference of households for organic food is reflected in the sector’s very strong growth which is expected to exceed €8 billion in 2017
The second annual corporate payment survey for Germany carried out by Coface confirms many of the foregone trends. However, some improvements can be seen (...)
Poland Insolvency Report: Insolvencies and restructuring proceedings still on the rise, despite a robust economy
Insolvencies and restructuration proceedings increased by 14% in the first three quarters of 2017 compared to the same period last year. Most sectors experienced an increase in the number of proceedings.
The effects of a "hard" Brexit will be decisive for the innovation capacity and competitiveness of the British automotive industry
After an exceptional peak in production of vehicles recorded in mid-2016 (1.02 million unit sales, up 8.5% for the January-August period compared to the same period in 2015), 2017 saw a drop in production of nearly 2% (...)
On June 5 2017, Saudi Arabia, the United Arab Emirates, Egypt and Bahrain (known as the quartet) announced they were breaking diplomatic ties with Qatar (...)
Almost twenty years after the launch of the first Forum on China-Africa Cooperation, China-Africa relations remain unbalanced. Bilateral trade has leaped over the past ten years (a total of $123 billion in 2016), driven, up to 2014, by exports, which have fallen by 51% since the peak.