News

Coface reports a positive net income of €11.3m for the second quarter 2020 and continues to implement its strategic plan

08/03/2020

Turnover for the first semester: €725m, down 0.6% at constant FX and perimeter:
Client retention and new business achieve record levels, with a positive net production of €33m.
First effects of re-pricing are now visible (+0.2%).
Revenues from services progress by 7%, including information services up by 13%.
Client activities continue to slowdown – a trend expected to continue over the following quarters.

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Are corporate balance sheets in Spain and Italy ready for the COVID-19 shock?

07/27/2020

Although the second quarter of 2020 is shaping up to be the most challenging period of the year, there are now good reasons to think that the road to recovery will be long and arduous. Despite immediate tax deferrals, liquidity guarantees, it is likely that many firms will find themselves in difficulty.

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Asia Corporate Payment Survey 2020: COVID-19 will overturn last year’s incipient recovery

07/24/2020

After a 2019 that was dominated by trade tensions between the United States and China, Coface has observed an incipent recovery in Asia (excluding China), supported by supply chain shifts and additional liquidity from the US Federal Reserve.

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United States: Two-speed business bankruptcies

07/23/2020

As the COVID-19 epidemic hits the United States very hard, Coface forecasts in its baseline scenario that the country's GDP will contract by 5.6% in 2020, before rebounding by 3.3% in 2021. Nevertheless, this forecast is threatened by the resurgence of the outbreak in several states, which are already pausing or even reversing the resumption of activity after the extensive lockdown of April.

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Spotlight

Corona crisis and its consequences
05/04/2020

Corona crisis and its consequences

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Coface in Figures

146,7 MEUR of net profit in 2019
 EUR 1.481 bn turnover in 2019
 100 Countries offering our services
 4,250 Employees worldwide
 540 bn EUR Receivables guaranteed
 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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Coface, Branch Austria
 
Marxergasse 4c
1030 Vienna
T. +43/1/515 54-0
F. +43/1/512 44 15
E-Mail: office-austria@coface.com
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