Coface SA (XPAR:COFA)

€ 14.23 0.07 (0.49%) Market Cap: 2.13 Bil Enterprise Value: 3.27 Bil PE Ratio: 10.78 PB Ratio: 1.00 GF Score: 82/100

Q1 2022 Coface SA Earnings Call Transcript

Apr 28, 2022 / 04:00PM GMT

Release Date Price: €11.42 (-0.70%)

Transcript

Operator

Good day, and thank you for standing by. Welcome to the Coface publication of Q1 2022 Results Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded, Thursday, the 28th of April 2022. (Operator Instructions)

I would now like to hand the conference over to your speaker today, Xavier Durand. Please go ahead.

Xavier Pascal Durand

COFACE SA - CEO

Thank you, and welcome to all of you on this first quarter report call. As you've seen from the headlines, it's been a really strong first quarter for Coface. I think we're pleased with the turnover line as well. You see EUR 431 million, up 12.8% at constant FX and perimeter. Within that, you see our trade credit insurance premiums growing almost 15% driven, first of all, by high client activity, but also our client retention is at a record close to 95%. Pricing continues to be down. I mean, that's a trend that we've seen now for the last 9 months. And also, we continue to see double-digit growth in our information business with strong momentum, and I'll make a few

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