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First quarter shows solid operational performance but is impacted by the initial effects of the COVID-19 crisis

01 May 2020 Coface

• Turnover: €370m, up 0.9% at constant FX and perimeter
- Record client retention and strong new business momentum prior to lockdown
- Continued slowdown in client activities - a trend that is expected to accelerate over the coming quarters
- Trade Credit Insurance growing at 0.2% at constant FX and perimeters
- Dynamic growth of services, up 12%

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