Coface: net attributable income up 47% in 2018
(CercleFinance.com) - Coface Group announces consolidated sales of 1,385 billion euros for 2018, up 4.
6% at constant exchange rates compared to 2017.
"In line with the trends of previous quarters, the growth of Coface's customer business has a positive impact of + 6.1% over the year despite a slight slowdown at the end of the year. remains controlled at -1.4%, reflecting a good commercial control and a beginning of re-pricing in the riskiest markets," the group said.
Underlying operating income therefore reached 208.9 million euros, compared to 155 million euros in 2017. Finally, net income (group share) came in at 122.3 million euros, including 24.1 million euros in Q4: this figure is up 47% y-o-y.
"In 2019, strengthened by our risk infrastructure that has been strengthened over the last three years, we will continue our rigorous underwriting policy and our investments. We plan to invest 25 ME in structuring projects, including new accounting standards," Coface said regarding its outlook.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
6% at constant exchange rates compared to 2017.
"In line with the trends of previous quarters, the growth of Coface's customer business has a positive impact of + 6.1% over the year despite a slight slowdown at the end of the year. remains controlled at -1.4%, reflecting a good commercial control and a beginning of re-pricing in the riskiest markets," the group said.
Underlying operating income therefore reached 208.9 million euros, compared to 155 million euros in 2017. Finally, net income (group share) came in at 122.3 million euros, including 24.1 million euros in Q4: this figure is up 47% y-o-y.
"In 2019, strengthened by our risk infrastructure that has been strengthened over the last three years, we will continue our rigorous underwriting policy and our investments. We plan to invest 25 ME in structuring projects, including new accounting standards," Coface said regarding its outlook.
Copyright (c) 2019 CercleFinance.com. All rights reserved.