Coface : Strong 2023 net income, despite the slowdown expected in Q4
>Lower net income expected in Q4, but underlying profitability strong - Coface is due to report its 2023 results on 27 February, with a conference call scheduled for 28 February in the morning. We forecast revenues of € 441m in Q4 (vs a consensus of € 449m), down 2.5% on Q4 2022, given the demanding comparison base (partly due to inflation, including for commodities). We expect group revenues to be under pressure from demanding comps until mid-2024. Nonetheless, we se...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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