Coface : Solid results pending the new strategic plan
>Combined ratio forecast at 80.6% in Q4 2019 - Coface is due to publish its Q4 2019 results on 5 February next after the close of trading. We expect revenue growth of 4.4% in the quarter (and 6.0% in the full year 2019), showing a sequential slowdown, against a backdrop of slowing revenue growth at clients. We expect a net combined ratio of 80.6% in Q4 2019 (marginally below the consensus forecast of 80.9% and slightly down on the 81.4% in Q4 2018). Our estimate for t...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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