Coface appoints Christina Montes De Oca to lead its North America region Paris, 15 September 2025 – 17.45 Coface announces the appointment of Christina Montes De Oca as the new CEO in North America Region, with effect from today. Christina joins the Executive Committee and reports to Xavier Durand, Group CEO. She takes over Oscar Villalonga who is pursuing his career outside the Group. Christina brings a wealth of experience in commercial strategy, business development, and sales operations within the tra ...

Core Points - The Combined Shareholders' General Meeting of COFACE SA was held on 14 May 2025, where all proposed resolutions were approved [1][2] - A dividend of €1.40 per share for the 2024 financial year was approved, with the coupon date set for 20 May 2025 and the payment date for 22 May 2025 [2] Company Information - COFACE SA is a leading player in trade credit risk management, providing services to approximately 100,000 clients across around 200 markets [6][7] - In 2024, COFACE employed approximately 5,236 people and reported a turnover of €1.84 billion [8]

Core Points - The Combined Shareholders' General Meeting of COFACE SA was held on 14 May 2025, where all proposed resolutions were approved [1][2] - A dividend of €1.40 per share for the 2024 financial year was approved, with the coupon date set for 20 May 2025 and the payment date for 22 May 2025 [2] Company Overview - COFACE SA is a global leader in trade credit risk management, providing services to approximately 100,000 clients across around 200 markets [6] - In 2024, COFACE employed approximately 5,236 people and reported a turnover of €1.84 billion [7] Financial Calendar - The financial calendar for COFACE SA includes the H1-2025 results scheduled for 31 July 2025 and the 9M-2025 results on 3 November 2025 [3]

Core Insights - Coface reported a net income of €62.1 million for Q1-2025, resulting in a return on average tangible equity (RoATE) of 12.7% [2][22] - The company experienced a 2.1% increase in total revenue, reaching €473.2 million compared to Q1-2024 [5][8] - The uncertain international trade environment, particularly due to shifting US policies, is impacting global trade volumes and creating challenges for businesses [3][23] Financial Performance - Insurance revenue increased by 1.1% to €382.9 million, while other revenue rose by 6.2% to €90.3 million [5][6] - Current operating income decreased by 14.2% to €91.6 million, and net income (group share) fell by 9.2% compared to Q1-2024 [5][21] - The combined ratio net of reinsurance increased to 68.7%, up 5.6 percentage points year-on-year [7][17] Regional Performance - Turnover in Northern Europe decreased by 0.8%, while Western Europe saw an increase of 4.7% [12][13] - Latin America experienced significant growth, with turnover up 16.0% at constant FX, driven by high inflation [16] - Asia-Pacific turnover increased by 2.7%, benefiting from high client retention and slight activity growth [16] Risk Management and Strategy - Coface is maintaining a preventative stance in its risk portfolio, which is diversified across regions and sectors [2][4] - The company is investing in understanding short-term risks and enhancing its service offerings, particularly in Business Information and Debt Collection [4][25] - The uncertainty surrounding international economic policy is leading to delayed investment decisions and affecting economic growth [23][24]