Coface : Good Q3 results and share buyback programme launched
>Good commercial momentum in view of the climate - Coface yesterday evening reported its Q3 2020 results, which beat expectations. Group revenues came in at € 1.082bn in 9M 2020, down 1.9% in reported terms and 0.9% on constant currencies. Revenues amounted to € 358m in Q3 (-3.5% reported, -1.4% constant currencies). The group has continued to reduce its exposure to risks (-3% in Q3) and client activity is naturally suffering as a result of the crisis. We note, noneth...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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