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The turnaround in the industrial cycle hits companies in the chemicals sector in Europe and North America

April 18, 2019
Signs of a slowing global economy continue to accumulate - 2019: the number of insolvencies will increase in two-thirds of countries (+3% in Western Europe) - The chemical industry in Europe and North America is suffering from fewer opportunities in the automotive sector - Improvements in assessments are concentrated in the Middle East, including Saudi Arabia's upgrade (B)

Central Asia, China, and Russia: a three-way partnership of reason

April 18, 2019
Located on two branches of the New Silk Road (Belt and Road or B&R), Central Asia is both a trading partner and gateway for China and Europe; Russia’s long-standing influence in the region through expatriate transfers, its military bases, and culture is also of note. For the moment, China and Russia find reasons for rapprochement in their opposition to Western ideas and their fight against the spread of radical Islam. However, the balance of power could soon change as China is the largest provider of funding for corridor development in the region.

Coface strengthens its market position in the Adriatic region by acquiring SID - PKZ, the leading credit insurance company in Slovenia

April 15, 2019
Coface announces today the acquisition of SID - PKZ, the market leader in credit insurance in Slovenia with a high market share. As Coface has acquired all SID - PKZ shares, the business will operate under the new brand name Coface PKZ. The acquisition supports Coface’s strategy of profitable growth in Central & Eastern Europe region.

Despite five years of Modinomics, India continues to be constrained by economic fragilities

April 9, 2019
When Narendra Modi ran for Prime Minister in 2014, he pledged to boost the competitiveness of India’s industrial sector to promote growth. Modi will be running for president again in India’s general elections between 11 April and 19 May. The economy is in a better position than it was in 2014, but many of the structural fragilities that Modi inherited continue to afflict India today and a mixed track record in terms of economic reforms has dampened enthusiasm for Modi.

Coface announces the publication of its 2018 Registration Document

April 3, 2019
The 2018 Registration Document includes the following information: The 2018 Annual financial report; The Report on corporate governance (attached to the management report); The Statutory Auditors’ reports and the news release concerning their fees; The description of the share buyback program; The draft resolutions submitted to the vote of the Combined Shareholders’ Meeting of May 16th 2019; The Non-Financial Performance Statement.

Mexico and Brazil taking opposite directions in terms of energy policies

April 2, 2019
2019 will be marked by high volatility in the global oil market - Brent crude oil price to average USD 65 in 2019, according to Coface estimates - In Mexico, the financial stress already faced by Pemex might not be contained - Brazil oil policy is expected to have positive knock-on effect in the medium term

COFACE SA: Dividend per share at 0.79€, representing 100% of EPS. Nathalie Bricker and Nicolas Moreau are proposed as new directors.

March 28, 2019
The Board of Directors of Coface SA met on 27th March 2019 and has decided to propose a dividend of €0.79 per share (representing a payout of 100%). Subject to approval of this proposal by the Annual General Meeting on 16th May 2019, the ex-dividend date will be on 22nd May 2019 and the payment date will be on 24th May 2019. The Board also decided, on the recommendation of the Compensation & Nomination Committee, to propose to the Annual General Meeting of Shareholders, the appointment of two new Board members, Nathalie Bricker (non- independent), CFO of Natixis and Nicolas Moreau (independent).

Coface launches credit-insurance offer in Greece

March 26, 2019
Local companies set to benefit from Coface’s expertise in risk prevention and payment protection.

China Payment Survey 2019: Longer delays as growth falters

March 15, 2019
2018 proved to be a relatively challenging year for China. Growth slowed to 6.6% and is expected to decline further in 2019 (6.2%, according to Coface forecasts). As a result, 59% of the 1500 Chinese companies that participated in Coface’s survey believe the economy will not improve in 2019, the highest score since 2003.

Coface appoints Oscar Villalonga to lead its North America region

March 8, 2019
Coface announces today the appointment of Oscar Villalonga, 52, as the new CEO, North America Region.

Turkish economy: domestic demand still waning but exports fuelled by the lira’s depreciation

February 26, 2019
Stagflation becoming a reality, exports are a key-source of revenues for economy, especially in the automotive sector Exporters are flexible; government support is vital for exporters to gain new market shares

FY-2018 results: net income up 47% at €122.3M and pay-out of 100% of net income

February 11, 2019
Our good 2018 results show the relevance of our Fit to Win strategic plan in a now more volatile economic environment. Our net income of €122 million is up 47% and corresponds to a return on equity close to our average through the cycle objective excluding further capital optimisation actions

Two pitfalls for businesses in 2019: the economic downturn and political risks

February 5, 2019
Coface will be sharing its vision of the major trends in the world economy in 2019 with businesses at its annual conference on country and sectoral risks.

Corporate insolvencies in France: The rebound that began in May 2018 is expected to continue in 2019

January 25, 2019
Since May 2018, the number of insolvencies in France has started to rise again. This trend is expected to continue in 2019 (forecast of 1%) (...)

Coface strengthens the senior management team of its Western Europe region

January 17, 2019
The Western Europe region, which comprises six mature credit insurance markets, represented 21.6% of the Group’s total exposure and 20.7% of its total revenue in 2017.