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

Q3 2022 Coface SA Earnings Call Transcript

Oct 27, 2022 / 04:00PM GMT

Release Date Price: €11.13 (+0.27%)

Transcript

Operator

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.

Xavier Pascal Durand

COFACE SA - CEO

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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