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]