Coface Sa (COFAF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the CoFACE SA nine month 2025 results presentation. At this time, all participants are in the listen only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you will need to press star one and one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star one and one again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Saria Durant, CEO. Please go ahead, sir. Thank you very much, and good evening to all. Thank you for logging in this call. We'd like to start on time. Well, I mean, as you well have seen by the announcement, we're recording another very solid quarter in the third quarter of the GoFAST. The number is 52 million for Q3 2025 of net income, which brings the total year-to-date to 176.3. A lot of the discussions and points that I'm going to make are actually very much in line with the trends we discussed in the prior quarter, so really no big surprise. You see total revenue for the first nine months up 1.8%, that same FX and then parameter. with the premiums for insurance growing 1.1%. You see revenues from other activities that are up almost 11% in the third quarter, which continues to validate the strategy we've put in place to develop an ecosystem around the credit management space. We see client retention, which is back up close to our 2023 record. at 93.5%. Pricing continues to be down 1.8%, so clearly the market is competitive and there's pressure on prices. A little bit below or in line with the historic trend. The business information continues to show nice growth at 14....