Coface : Solid 2018 results ahead of a more uncertain year in 2019
>Good commercial momentum - Coface yesterday evening reported 2018 results, with revenue of € 1.385bn, up 2.2% in reported terms and 4.6% l-f-l (including +4.0% for Q4 2018), driven by growth in credit insurance premiums (+5.7% l-f-l). This growth in credit insurance premiums was driven by strong momentum in the client activity and a robust client retention rate, while prices declined by 1.4% on average last year. Favourable claims experience in Q4 2018 - ...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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