Coface : Good underlying profitability expected in Q1 marked by IFRS 17
>Net income expected at € 53m in Q1 2023 - Coface is set to report its Q1 2023 results after trading on 25 May, which will be the first time earnings are reported under IFRS 17. We look for revenues of € 462m (+7.9% pro forma), reflecting activity that continues to grow strongly, albeit showing a sequential slowdown vs 2022 which benefited from very strong client activity (in addition to strong client retention). We look for net premiums earned of € 286m (+9.6% pro fo...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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