Coface : Good Q4 2020 results expected
>We expect 2020 earnings to beat the consensus - Coface is due to report its 2020 results on Wednesday 10 February after trading. As indicated in our recent report on the stock (see report ‘The group has a capital surplus and is expected to report a good set of Q4 2020 results’ published on 27 January), we forecast 2020 net income of € 85m in 2020 (-41.8% vs 2019), above the consensus (€ 76m). For Q4 2020, we forecast net income of € 33m (+12%), vs a consensus of € 24...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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