Coface Group

Key figures

FY - 2017 Results

 
Full-year results 2017: Coface doubles net income to €83.2m, and activates the capital optimisation lever provided for in its Fit to Win plan
  • Turnover: €1 354.9m, up 0.3% at constant scope[1] and exchange rates
-  Q4 2017 turnover rose 2.3% on a comparable basis[2]
- Annual growth of 2.8% in mature markets, trend unchanged in emerging markets
- Client retention rate up in an environment where prices are still under pressure
  • Net loss ratio 51.4%, improved by 14.1 pts; annual net combined ratio at 86.6%
- Net loss ratio improved again to 41.8% in Q4-2017, thanks mainly to favourable loss trend in Asia and North America
- Mature markets: positive trend despite some substantial claims
- Net cost ratio stable at 35.2% (35.1% in 2016, at constant scope1)
  • Net income (Group share): €83.2m, of which €28.2m in Q4-2017
  • Cost savings finance investments made in the framework of Fit to Win :
- Cost savings achieved: €19.0M, ahead of plan.  €30M savings objective confirmed for 2018.
- Investments in growth, risk management and solvency, and Group transformation
  • Solvency ratio up by 16 pts to ~166%[3] ;
  • The Group is activating the capital management lever provided for in itsFit to Winplan:
- Proposeddividend: 0.34 € per share[4] (i.e. c.64% of earnings per share)
- Launching share buyback for a targeted total amount of €30m, which would bring payout ratio to c.100% of 2017 earnings
 
[1] Constant scope = excluding State Export Guarantees (€53.4m revenue and €(27.3)m expenses in FY-2016 ; €0.6m remainder revenue booked in FY-2017). Coface ceded this activity from 1st January 2017; figures impacted by this activity have been restated so as to be comparable.
[2] Comparable basis = constant scope and exchange rate
[3] This estimated solvency ratio constitutes a preliminary calculation made according to Coface’s interpretation of Solvency II regulations. The result of the definitive calculation may differ from the preliminary calculation. The estimated solvency ratio is not audited.
[4] The proposed distribution of €0.34 per share is subject to approval by the general shareholders meeting on 16 May 2018.
 
>> Read the press release
Titre-RésultatsEN

FY 2017 Results

Simplified consolidated balance sheet

Simplified-consolidated-balance-sheetEN

Simplified consolidated income statement

incomeEN

9M 2017 Results

Simplified consolidated balance sheet

Simplified consolidated balance sheet

Simplified consolidated income statement

Simplified consolidated income statement

H1 2017 Results

Simplified consolidated balance sheet

bilan-EN

Simplified consolidated income statement

cr-EN

Q1 2017 Results

Simplified consolidated balance sheet

Simplified consolidated balance sheet

Simplified consolidated income statement

IncomeStatementEN
Titre-Résultatsen

FY 2016 Results

Simplified consolidated balance sheet

simplified-EN

Simplified consolidated income statement

simplified-income-EN

H1 2016 Results

Simplified consolidated balance sheet

Simplified consolidated balance sheet

Simplified consolidated income statement

Simplified consolidated income statement

9M 2016 Results

Simplified consolidated balance sheet

Simplified-consolidated-balance-sheet

Simplified consolidated income statement

IncomeStatement

Q1 2016 Results

Simplified consolidated balance sheet

Simplified consolidated balance sheet 2016 Q1

Simplified consolidated income statement

ComptederesultatsEN
2015

FY 2015 Results

Simplified consolidated balance sheet

bilanconsolidesimplifieEN

Simplified consolidated income statement

comptederesultatEN

9M 2015 results

Simplified consolidated balance sheet

Simplified-consolidated-balance-sheetFR

Simplified consolidated income statement

Simplified-consolidated-income-statement

H1 2015 Results

Simplified consolidated balance sheet

SIMPLIFIED-CONSOLIDATED-BALANCE-SHEET

Simplified consolidated income statement

SIMPLIFIED-CONSOLIDATED-INCOME-STATEMENT

Q1 2015 Results

Simplified consolidated balance sheet

BilanEN

Simplified consolidated income statement

CompteRésultatEN
2014Results

FY 2014 Results

Simplified consolidated balance sheet

BCS_EN_reference

Simplified consolidated income statement

CRCS_EN_reference

9M 2014 results

Simplified consolidated balance sheet

CRCS_EN

Simplified consolidated income statement

BCS_EN

H1 2014 Results

Simplified consolidated balance sheet

balance-sheet-EN

Simplified consolidated income statement

income_EN

Q1 2014 results

Simplified consolidated balance sheet

Balance sheet

Simplified consolidated income statement

Income statement
Top
  • English
  • Français