Coface : Modest deterioration in profitability expected in Q3
>Combined ratio forecast at 80.5% in Q3 2019 - Coface is due to report its Q3 2019 results on Wednesday 23 October after trading. We forecast revenue growth of 4.6% to € 367m (flat vs Q2 2019), with a very slight sequential improvement in new business and price trends, a continuation of the high level of client retention, but a slowdown in client revenues in the current economic context. We forecast a combined ratio of 80.5% in Q3 2019 (very slightly ahead of the cons...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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