Oddo BHF - Coface SA (COFA) Coface : Nouvelle émission Tier 2 2033

Report

Oddo BHF

Carine Maciol

Coface : Nouvelle émission Tier 2 2033

Coface revient sur le marché avec une nouvelle émission Tier 2 bullet 2033, quelques 14 mois après la précédente. L’encours émis devrait être aussi de 300 m EUR. Il permettra de neutraliser au sein de la marge de solvabilité le remboursement en mars 2024 des 226 m EUR restants de la Tier 2 2024. - Nous profitons de ce retour pour publier un point sur les fondamentaux du groupe. - > - - - ...

21/11/2023 1 FR

Underlying

Coface SA

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.

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FR0010667147 Euronext Paris France

Provider

Oddo BHF

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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Analysts

Carine Maciol

Other Reports on these Companies

Oddo BHF

Coface : Good start to the year with a combined ratio that remains excellent

>Fall in revenues as expected but with a better business mix - Coface yesterday evening reported its Q1 2024 results, which beat expectations. Group revenues were € 464m in Q1 2024, down 2.4% reported and 1.6% like-for-like, in line with expectations, but with lower-than-expected insurance premiums and revenues from other activities (including business information) that were better than anticipated. Credit insurance revenues fell 3.3%, with: 1/ client retention that w...

2h / 16m 2h / 16m 1 EN

Oddo BHF

Coface : Bon début d’année, avec un ratio combiné qui reste excellent

>Baisse des revenus comme attendu, mais avec un meilleur mix d’activités - Coface a publié hier soir son RN du T1 2024, qui a été supérieur aux attentes. Les revenus du groupe ont été de 464 M€ au T1 2024, en baisse de 2.4% en publié et de 1.6% à données comparables, en ligne avec les attentes, mais avec des primes d’assurance moindres qu’attendu et des revenus des autres activités (dont l’information) meilleures qu’anticipé. Les revenus d’assurance-crédit ont baissé ...

2h / 28m 2h / 28m 1 FR

GlobeNewsWire

COFACE SA: Publication of Group and Standalone SFCR as of 31 December 2023

COFACE SA: Publication of Group and Standalone SFCR as of 31 December 2023 COFACE SA: Publication of Group and Standalone SFCR as of 31 December 2023 Paris, 6 May 2024 – 17.45 COFACE SA has published today its Solvency and Financial Condition Report (SFCR) for COFACE SA (Group) and Compagnie française d’assurance pour le commerce extérieur (the « Compagnie »), in compliance with the Solvency II requirements1. The Board of Directors of COFACE SA and the Compagnie, respectively approved the SFCR for the financial year 2023. This report is produced on an annual basis: for Coface Group, inv...

16h / 37m 16h / 37m 1 EN

Applus Service SA : L’histoire de Applus touche bientôt à sa fin... OC porté à 12.8 € vs 11 €

>Pas de CA T1 - Le groupe n'a pas divulgué son CA T1 en raison du processus d'offre publique d'achat en cours. Nous avons eu un contact avec la société et nous avons retenu que la dynamique de topline demeure soutenue « high single digit », dans la continuité du T4 2023. Concernant l’OPA, le 30 avril 2024, la CNMV a confirmé que l'offre gagnante d'Amber (TDR & I Squared) a été acceptée et sera soumise à une période d'acceptation. Vendredi dernier, les deux fonds...

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Klaus Ringel ... (+2)

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Schaeffler AG : A good start to the year and confirmation of FY 2024 outlook

>Q1 2024 earnings are ahead of expectations - Schaeffler’s reported Q1 2024 group sales are -2% y-o-y to € 4.09bn, which is a touch below our expectation (ODDO BHF: € 4.11bn) and consensus (€ 4.13bn). Sales in Auto Tech division are +0.8% organically, Vehicle Lifetime Solutions (previously Automotive Aftermarket) sales are +8.6% organically and sales in Bearings& Industrial Solutions are -4.1% y-o-y. By region, sales in Europe are -0.4% organically, +4.2% in the Ameri...

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Ahmed Ben Salem

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BP : Q1 2024 results beat expectations at the operating level but a miss at the NI and CFFO level

>A new cost saving plan of $ 2bn with SBB maintained as expected - Adjusted EBIT came in at $ 5.95bn, 2.1% above the consensus (ODDO BHF: $ 5.74bn, consensus: $ 5.83bn). The group generated net adjusted profit of $ 2.72bn, 5% below estimates (ODDO BHF: $ 2.90bn; consensus: $ 2.87bn) and down 9% q-o-q. Results by division were as follows:Gas and low carbon came in at $ 1.66bn, down 6.7% q-o-q and 3.6% above expectations (ODDO BHF & consensus: $ 1.6bn), with foreig...

16m 16m 1 EN

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Coface : Nouvelle émission Tier 2 2033

Coface : Good start to the year with a combined ratio that remains excellent

Coface : Bon début d’année, avec un ratio combiné qui reste excellent

COFACE SA: Publication of Group and Standalone SFCR as of 31 December 2023

Applus Service SA : L’histoire de Applus touche bientôt à sa fin... OC porté à 12.8 € vs 11 €

Schaeffler AG : A good start to the year and confirmation of FY 2024 outlook

BP : Q1 2024 results beat expectations at the operating level but a miss at the NI and CFFO level

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