Coface : Excellent technical profitability in Q1 benefiting from a very low level of claims
>Prices up 2.9% in Q1 - Coface yesterday evening reported its Q1 2021 results. Note that the group had already indicated that its net income in Q1 should top € 50m. The group posted net income of € 56.4m in Q1 2021 (x4.4 vs Q1 2020 impacted by the crisis, and 55% above net income in Q1 2019). Group revenues were € 378m, up 2.0% on a reported basis and 4.2% l-f-l. Premiums in credit insurance were up 6.1% at constant currency, with: 1/ a persistently high level of new...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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