Latest news with #Compagnie
Fashion United
23-05-2025
- Business
- Fashion United
Cambridge Satchel parent company secures 100 million euros in new financing
Compagnie Chargeurs Invest, the parent company of Cambridge Satchel, Swaine and Nativa, has said that it has raised 108 million euros in financing as it continues into a new strategic chapter. The French firm had already secured a 75 million euro loan in December 2024, following a year that was 'marked by strong cash generation and very solid performance from its asset portfolio', chairman and chief executive officer, Michaël Fribourg, said in a release. This latest financing comes in the form of a syndicated loan with competitive financial terms and long maturity, backed by four financial institutions, as well as new renewable bilateral credit lines with Arkéa Banque and Bpifrance. Compagnie said that with this, the finance firms have 'thus reaffirmed their commitment' to supporting the company 'in the deployment of its new strategic trajectory'. 'With their support, the group will be able to focus its resources on accelerating the creation of sustainable value,' it added. Fribourg said the company intended to pursue a 'dynamic management strategy for its asset portfolio in the coming years' as it looks to 'globally enhance the competitive advantages of our high-growth global champions'. He added: 'The strong demand for the group's signature reflects the long-term attractivity of our business model and the financial strength of the Compagnie, which owns high-quality assets with significant financial and intrinsic value.' In 2024, Compagnie, which operates across nearly 100 countries, reported revenues of 729.6 million euros, an 11.9 percent uptick on the year prior on a reported basis. The company's operating profit, meanwhile, rose 113.3 percent to 38.6 million euros.
Yahoo
07-05-2025
- Business
- Yahoo
Coface SA: Publication of Group and Standalone SFCR as of 31 December 2024
Coface SA COFACE SA: Publication of Group and Standalone SFCR as of 31 December 2024 Paris, 7 May 2025 – 17.45 COFACE SA has published today its Solvency and Financial Condition Report (SFCR) for COFACE SA (Group) and Compagnie française d'assurance pour le commerce extérieur (the « Compagnie »), in compliance with the Solvency II requirements1. The Board of Directors of COFACE SA and the Compagnie, respectively approved the SFCR for the financial year 2024. This report is produced on an annual basis: for Coface Group, involving COFACE SA and its main subsidiaries in France and outside France; for the Compagnie, on a standalone basis. HIGHLIGHTS To assess its solvency, COFACE SA uses the partial internal model approved by the ACPR in 2019. The Compagnie's solvency is still assessed using the interpretation of the standard formula. As of 31 December 2024, eligible own funds to cover the Group's SCR amounted to €2,630 million, which broke down as follows: 75% of Tier 1 capital; 24% of Tier 2 capital; 1% of Tier 3 capital, representing deferred tax assets. The Group's SCR coverage ratio of 196% 2 at the end of 2024 reflects a solvency ratio above its target range (155% -175%). This level supports the Group's decision to distribute 80% of its net profit for 2024 by a €1.40 3 dividend per share. The coverage ratio of the Compagnie SCR (Solo) at the end of 2024 is 237%4. The full report is available on the website of the Company at the following address: CONTACTS ANALYSTS / INVESTORS Thomas JACQUET: +33 1 49 02 12 58 – Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – MEDIA RELATIONS Saphia GAOUAOUI: +33 1 49 02 14 91 – Adrien BILLET: +33 1 49 02 23 63 – FINANCIAL CALENDAR 2025 (subject to change) Annual General Shareholders' Meeting: 14 May 2025 H1-2025 results: 31 July 2025 (after market close) 9M-2025 results: 3 November 2025 (after market close) FINANCIAL INFORMATION This press release, as well as COFACE SA's integral regulatory information, can be found on the Group's website: For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2024 Universal Registration Document (see part 3.7 'Key financial performance indicators'). Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust. You can check the authenticity on the website COFACE: FOR TRADE As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment. Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring. Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets. In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion. COFACE SA is quoted in Compartment A of Euronext Paris Code ISIN: FR0010667147 / Ticker: COFA DISCLAIMER - Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 'Main risk factors and their management within the Group' of the Coface Group's 2024 Universal Registration Document filed with AMF on 5 April 2024 under the number D.25-0227 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group's businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.
