Coface : Good capacity for resilience expected amid the crisis
>Revenues expected to fall - Coface is due to report Q3 2020 net profit on Monday 26 October after market close. We forecast a 2.2% drop in revenues, less than the consensus estimate (-4.3%e), including a steep drop in net earned premiums (-35.4%) mainly explained by the implementation of various government support systems in Europe (with the transfer of premiums to states in reinsurance) and a stricter underwriting policy because of the crisis. Clients revenues shoul...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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