Report
Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

Coface : Business model expected to show resilience against the crisis

>Revenues expected to be down - Coface is due to report its Q2 2020 earnings on Wednesday 29 July after trading. We forecast a significant decline in revenues, for the first time in two years, of around 7.7% (vs -7.1% for the consensus). This decline should result from the reduction in the activity of the group’s clients (even though a number of adjustments vs the budget will not yet be impacted this quarter) and a more selective subscription policy (reduction in expo...
Underlying
Coface SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Benoit Valleaux

Roland Pfaender,MBA,CFA,CCRA

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