May 29, 2017 9:01 AM ET

Insurance

Company Overview of Coface SA

Company Overview

COFACE SA, through its subsidiaries, provides credit insurance products and related services for small and medium enterprises, and multinational companies. Its solutions include risk prevention, receivables management and debt collection, single risk insurance, and public procedures management. The company also offers additional services comprising factoring and surety bond, and business information services. It operates in Northern Europe, Western Europe, Central Europe, the Mediterranean and Africa, North America, Latin America, and the Asia-Pacific. The company was founded in 1946 and is headquartered in Bois-Colombes, France.

1, place Costes et Bellonte

Bois-Colombes,  92270

France

Founded in 1946

4,300 Employees

Phone:

33 1 49 02 20 00

Key Executives for Coface SA

Group Chief Executive Officer
Age: 52
Total Annual Compensation: €973.9K
Compensation as of Fiscal Year 2016.

Coface SA Key Developments

Coface SA Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Year 2017

Coface SA announced consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenues of EUR 348.3 million compared to EUR 365 million a year ago. Current operating income was EUR 20.1 million compared to EUR 37.3 million a year ago. Net result was EUR 7.3 million compared to EUR 22.3 million a year ago. Operating income was EUR 19.2 million compared to EUR 36.3 million a year ago. The company anticipates net loss ratio below 61% in the year 2017.

Coface SA, Q1 2017 Earnings Call, Apr 26, 2017

Coface SA, Q1 2017 Earnings Call, Apr 26, 2017

Coface SA Announces Executive Changes

Coface has appointed Jacqui Jooste as Coface SA CEO and country manager. Jooste has replaced Gino Conti. Prior to this appointment, Jooste worked for Coface SA as chief operating officer. Jooste has also worked with Credit Underwriting Agency (CUAL) Coface South Africa.

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Recent Private Companies Transactions

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