9M-2020 Finanzergebnisse: Starke Bilanz und positive operative KPIs
Da wir uns weiterhin in einem unsicheren wirtschaftlichen Umfeld bewegen, wird uns dieses erfolgreiche Quartal erlauben, die vor uns liegenden Herausforderungen besser zu meistern.
Some key highlights:
- Client retention and new business are at record levels
- Positive net production of €36.9 million
- Coface reports €28.5m net income for this third quarter
- Improved net cost ratio reflects continued cost controls
Xavier Durand, Coface’s Chief Executive Officer, commented:
“The coronavirus pandemic continues to create a high level of uncertainty across the global economy. In this context, Coface’s teams have continued to work closely with their clients to help them navigate this uncertain environment. Coface recorded very good operating results in the third quarter, again demonstrating its resilience and the relevance of its Build to Lead strategic plan.
During the quarter, Coface signed its second acquisition in recent years, and welcomed our new teams at Coface GK in Norway. As previously announced, this integration has resulted in a positive purchase gap of €8.9m.
Strengthened by good operating ratios and a solid balance sheet, Coface is launching a share buyback programme, for a maximum amount of €15 million.”
For more detailed information, please download the Press Release below