Coface : Continuing good technical profitability in Q2 2019
>Commercial momentum remains strong in Q2 - Yesterday evening Coface reported its Q2 2019 earnings, which came in higher than expected. Total revenues amounted to € 367m (+7.7% reported, +6.5% at constant currencies), slightly higher than expected. Besides the positive impact of the acquisition of PKZ, commercial momentum remains strong. All regions reported growth in premiums. We note a slight improvement in the new business volume (vs the low point in H1 2018), eve...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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