Coface: quarterly net income soars 452%

(CercleFinance.com) - In Q1 2021, the credit insurance company Coface's revenues reached 377.
9 million euros, up 4.2% LFL relative to Q1 2020.

At the same time, operating profit jumped from 30.9 million euros to 80 million euros, while the net income, group share reached 56.4 million euros, up 452% LFL.

The group said its first quarter results reflect the continued good operational performance and a completely exceptional environment as the number of bankruptcies worldwide has fallen.

The company announces that future major stimulus plans has reinforced expectations of recoveries.


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