Coface : Solid results expected in Q1 despite the crisis
>Decline in net income expected - Coface is due to report its Q1 2022 results on Thursday 28 April after trading. We expect revenues in the quarter to amount to € 410m (+8.5% vs Q1 2021), slightly below the consensus (€ 417m). We believe that revenue growth is likely to come from the improvement in the growth of business volumes at client companies, the increase in the group’s exposures relative to Q1 2021, and also the rise in inflation. We expect net premiums earned...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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