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German companies have switched to “crisis-mode” and offer less payment terms

September 15, 2020
German companies want to cash in as early as possible, according to the fourth edition of Coface’s survey on corporate payment experience in Germany, conducted in July and early-August 2020, with 753 participating companies located in Germany.

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

July 29, 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.

Post-pandemic production relocation: an opportunity for CEE countries?

July 23, 2020
Foreign trade and inclusion in supply chains had already increased in recent years, supported by EU membership by most CEE (Central and Eastern European) countries in 2004.

Global Transport: What does the future hold beyond COVID-19?

July 16, 2020
he COVID-19 pandemic has triggered a mobility crisis, mainly because of physical distancing requirements and the necessity to avoid confined spaces, to limit the virus’propagation. This has had a disastrous impact on the global transport sector, with air passenger transport being the most affected segment.

United States: Two-speed business bankruptcies

July 9, 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.

Coface finalises the acquisition of GIEK Kredittforsikring AS

July 1, 2020
Coface announces the closing of the acquisition of GIEK Kredittforsikring AS, a company that manages a short-term export credit insurance portfolio.

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

July 1, 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.

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

June 23, 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.

Business insolvencies in Europe: amendments to legal procedures temporarily postpone due dates

June 16, 2020
Many European countries have temporarily amended the legal framework of default procedures to help companies deal with the crisis, postponing growth of insolvencies in Europe.

Webinar : “From a massive shock to a differentiated economy”

June 8, 2020
Our Chief Economist presents an in-depth look at the economic changes around the world and our latest forecast for 2020 and 2021.

Coface Barometer: From a massive shock to a diversified recovery

June 8, 2020
Coface forecasts that the recession in 2020 (a 4.4% drop in world GDP) will be stronger than that of 2009. Despite the recovery expected in 2021 (+5.1%) – assuming there is no second wave of the coronavirus pandemic – GDP would remain 2 to 5 points lower in the United States, the eurozone, Japan, and the United Kingdom, when compared to 2019 levels.

China Payment Survey 2020: Payment delays will increase further because of COVID-19

June 2, 2020
In the context of weaker activity in China due to the health crisis, Coface’s latest survey on business payments in China shows a deterioration in payment behaviour in 2019. 66% of surveyed companies reported payment delays. The length of payment delays remained stable at 86 days in 2019. Nevertheless, sectors that have been hit the most by lockdown measures will have to delay payments in order to survive in 2020 and the number of corporate insolvencies should increase.