Coface : High net income in Q4 despite Americanas and a still very solid balance sheet
>Continuing growth despite unsurprising slowdown in Q4 - Coface reported its Q4 2022 results yesterday evening. Group revenues came in at € 449m in Q4 (+9.6% reported, +8.3% on constant currencies), slightly short of expectations (respectively 3% and 2% short of the consensus and our forecast), with an unsurprising slowdown in growth given the economic context. We note a sharp slowdown in growth in information (-3.1% in Q4 and +11.6% for full year 2022), a business wh...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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