Report
Carine Maciol

Coface : Upgrading our recommendation after a solid first half

The strong Q2 2019 earnings release reflects the success of the strategy implemented by the group. Although the economic environment remains uncertain (Brexit, trade war), the consensus has approved the targets of the plan which should come to a successful completion. The next milestone is therefore the approval of the internal model and the solvency level it will return, a key point in the new strategic plan expected by the end of the year. - Uncertainty about the economic environ...
Underlying
Coface SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Carine Maciol

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