Coface : The group is readying for a wave of claims
>Slowdown in revenue growth - Yesterday evening, Coface reported its Q1 2020 results. The group’s revenues rose 1.4% to € 370m (+0.9% at constant currencies, with +0.2% in credit insurance). We note sharp growth in new business, a slight increase in retention (to a record level of 94.3%) and a further reduction in price cuts to -0.4%. Growth in client activity slowed sharply to +0.6% in the quarter. This volume of activity is naturally likely to fall strongly in the n...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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