Coface : Gradual normalisation in the combined ratio anticipated in Q2
>Net income expected to be down in Q2 2023 on a demanding comparison base - Coface is due to publish its Q2 2023 net results on 10 August after market close which, as a reminder, will be published under the new IFRS 17 accounting norms. We forecast revenue growth of 7.9% to € 481m, in line with the consensus, benefiting from persistently strong client retention, even though premium growth is slowing on a sequential basis in the context of a slowdown in inflation. We f...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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