Coface : Very good Q3 earnings, as expected
>Slight fall in revenues - Yesterday evening Coface reported Q3 2024 results in line with expectations. The group’s revenues came to € 454m in Q3 2024, down 0.9% on a reported basis (-0.1% excluding FX impacts), a shade ahead of expectations (consensus € 449m, our estimate € 451m). Insurance revenues were down 4.0% at constant exchange rates in the first 9 months of the year, with: 1/ still high client retention, though down to 92.7% (vs 93.9% in 9M 2023), affected by...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.