Coface : Still strong technical profitability expected in Q2 2024
>Premiums forecast down 5.7% - Coface is due to report its Q2 2024 results on 5 August after trading. We forecast revenues of € 471m in Q2 2024, slightly ahead of the consensus (€ 467m), but down 2.9% vs a high base in Q2 2023 (driven by inflation). This is expected to be driven by a further slowdown in economic growth and cooling inflation. The trends seen in recent quarters are set to continue in Q2. We expect the group’s client retention to remain robust, and Cofa...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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