Coface optimistic for 2009 after implementing successful credit crisis plan
Coface Holding has reported a 7.1% increase in turnover in 2008 (6.5% at constant structure) and a credit insurance loss ratio of 73% - an increase of 24 points since the last quarter of 2008.
The trade credit insurer also revealed a decrease in net profit of €94m (2007; €204m), which it said was limited by improved services and factoring contributions. In this context, Coface is preparing
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