COFACE SA (CFACY) Q3 2026 Earnings Call November 2, 2026 12:00 PM EST
Company Participants
Xavier Durand – CEO & Chairman of Management Board
Phalla Gervais – Member of Management Board, CFO & Risk Director
Conference Call Participants
Michael Huttner – Joh. Berenberg, Gossler & Co. KG, Research Division
Benoit Valleaux – ODDO BHF Corporate & Markets, Research Division
Pierre Chedeville – CIC CIB, Research Division
Presentation
Operator
Good day, and thank you for standing by. Welcome to Coface S.A. 9 Months 2026 Results Presentation. [Operator Instructions] Please be advised that today’s conference is being recorded.
I would now like to hand the conference over to your first speaker today, Xavier Durand, CEO. Please go ahead.
Xavier Durand
CEO & Chairman of Management Board
Thank you very much. Good evening, everyone, and thank you for logging in. We’re happy to report our Q3 results for 2026, which I would qualify as another good quarter for Coface in an increasingly uncertain environment. You can see from the headline — we reported EUR 155 million of net profit for the first 9 months, almost EUR 48 million for Q3. I mean some of the same stories that we’ve been going through now quarter after quarter with a few twists. Revenue is up 1.7% at constant FX and perimeter. There is a rebound in the insurance revenue, which grew by 2.5% in Q3 at constant FX. We’ll go through the details, but you’ll see client activity a little bit better. Client retention close to record highs. Pricing, while still negative, is a little bit better than it was in the prior years.
You see continued double-digit growth in our business information line, organic above 11%. And with the acquisition of Cedar Rose last year, we’re above 15% Debt collection strong at 28% and the rebound of factoring actually this