News

United States: Stimulus plan paves the way for record trade deficit

05/05/2021

As the world's largest importer, and second largest exporter of manufactured goods, the United States has had a trade deficit since the early 1970s. Using an analysis based on historical estimates of a potential trade balance, Coface estimates that the deficit could grow by 56 billion dollars as a result of the stimulus plan.

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Coface records a good start to the year with a net income of €56.4M

04/27/2021

Turnover: €378m, up 4.2% at constant FX and perimeter
Trade credit insurance growing by 6.1% at constant FX benefiting from stabilising client activity
Client retention close to record highs; positive price effect (+2.9%)
Business Information continues to grow (+9% at constant FX)
Factoring and debt collection down on lower volumes

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Coface CEE Business Information celebrates its 30th anniversary!

04/22/2021

Coface CEE Business Information celebrates its 30th anniversary!

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The paradox of corporate insolvencies in Europe: miracle and mirage

04/21/2021

In 2020, and even if the real impact of the COVID-19 crisis remains uncertain, the number of insolvencies actually fell in all major European economies. According to our research, the gap between the expected deterioration of the companies’ financial health and the number of insolvencies suggests that there is a high number of “hidden insolvencies” that have been postponed, rather than prevented.

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Spotlight

Corona crisis and its consequences
11/25/2020

Corona crisis and its consequences

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Coface in Figures

82,9 MEUR of net profit in 2020
 EUR 1.451 bn turnover in 2020
 100 Countries offering our services
 4,300 Employees worldwide
 160 Country assessments
 16 Economists producing studies
 30 studies released every year
 660 underwriters and credit analysts
 410 claims and recovery managers
All Key Figures

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E-Mail: office-austria@coface.com
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