Coface : Very good resilience in the face of the crisis in Q2
>Rise in new business limits the fall in premiums - Yesterday evening, Coface reported its Q2 2020 results. The group’s revenues were down 3.5% reported and 2.1% at constant currencies in Q2, and were higher than expected. We note in particular: 1/ a further increase in new production (+32% in H1); 2/ an upward inflection in prices (+0.2% in H1 2020 vs -0.4% in Q1 2020 and -1.1% in H1 2019); 3/ the high rate of client retention; and 4/ an impact from the volume of cli...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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