Report
Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

Coface : Another stellar quarter

>Very strong revenue growth - Coface reported its Q2 2022 results yesterday after trading. The group’s revenues totalled € 464m (+19.0%), beating expectations (consensus € 432m, our forecast € 428m). Revenue for the whole of H1 2022 accordingly worked out at € 895m, up 16.5% as reported and 14.6% at constant exchange rates. Revenues in credit insurance were up 16.1% at constant exchange rates. Key features were: (i) strong growth in client activity (+8%), (ii) very hi...
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
Benoit Valleaux

Roland Pfaender,MBA,CFA,CCRA

ResearchPool Subscriptions

Get the most out of your insights

Get in touch