Coface : Earnings expected to still be solid in Q1, in line with 2023
>A slight decline in premiums expected - Coface is due to report its Q1 2024 results on 6 May after market close. We expect revenues of € 465m, in line with the consensus and down 2.1% vs Q1 2023 due to a high comparison base, and in a context of slowing economic growth and inflation, which had strongly driven revenue growth in Q1 2023. The trends seen in the previous quarters should continue, as was also the case for Atradius (premiums down 4.5%). We think that the ...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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