Coface : Satisfactory profitability forecast for Q1 2019
>Combined ratio expected at 77.8% for Q1 2019 - Coface is due to report its Q1 2019 earnings on 24 April after trading. We are forecasting a satisfactory technical result for Q1 2019, with notably a forecast combined ratio of around 78%, i.e. a good level, better than the group’s target of 83% on average mid-economic cycle after end-2019. We are forecasting revenue growth of 3.6% over the quarter, despite a slight decline in the price forecast, thanks to brisk commerc...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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