Coface : Combined ratio expected to be excellent again in Q3
>Slight decline in revenue expected - Coface is due to report its Q3 2024 results on 5 November after trading. We look for revenues of € 451m in Q3 2024, slightly higher than the consensus (€ 449m), but down a slight 1.6% vs Q3 2023. Even though we believe that the fall in revenues is likely to slow relative to that seen in H1 2024 (-3.9%), the group’s revenues continue to be penalised by the fall in inflation, weak activity for client companies (with the group also s...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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