Coface : Loss ratio set to revert to mid-cycle levels in H2
>Q2 2018 net income close to forecasts - On Wednesday evening (with the conference call yesterday morning), Coface reported net income of € 27.3m (x2.1), in line with the consensus and slightly shy of our forecast (€ 29m). Revenue came to € 341m (-0.7% reported, +2.1% at constant forex), with a 2.8% rise in insurance premiums at constant forex, buoyed by strong growth in the client business while prices showed an average decrease of 1.7% and factoring revenues were do...Coface is a holding company that performs its activities through its primary operating subsidiary, Compagnie franASSaise d'assurance pour le commerce extA(c)rieur and its subsidiaries. Through its subsidiaries, Co. is a provider of credit insurance to businesses with solutions to protect them against the rist of client insolvency on both domestic and export markets.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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