Coface : Outlook for profitability retains its appeal despite the environment
>In anticipation of the CMD on 5 March 2024 - Coface will present its new strategic plan out to 2027 on 5 March (after the publication of its 2023 results on 27 February after close of trade). We think that the group will likely aim for: 1/ continued growth in the information businesses, 2/ an improvement in its combined ratio target (not discounted) and its average RoATE over the business cycle. We are sticking with our Outperform recommendation on the stock, which o...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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