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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Coface S.A.     COFA   FR0010667147

COFACE S.A.

(COFA)
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9M-2020 Financial Results: Strong balance sheet and positive operational KPIs

10/26/2020 | 11:50am EST

As we continue to navigate an uncertain economic context, this successful quarter will allow us to better weather the challenges ahead. :

Some key highlights:

  • Client retention and new business are at record levels
  • Positive net production of €36.9 million
  • Coface reports €28.5m net income for this third quarter
  • Improved net cost ratio reflects continued cost controls

Xavier Durand, Coface's Chief Executive Officer, commented:
'The coronavirus pandemic continues to create a high level of uncertainty across the global economy. In this context, Coface's teams have continued to work closely with their clients to help them navigate this uncertain environment. Coface recorded very good operating results in the third quarter, again demonstrating its resilience and the relevance of its Build to Lead strategic plan.
During the quarter, Coface signed its second acquisition in recent years, and welcomed our new teams at Coface GK in Norway. As previously announced, this integration has resulted in a positive purchase gap of €8.9m.
Strengthened by good operating ratios and a solid balance sheet, Coface is launching a share buyback programme, for a maximum amount of €15 million.'

For more detailed information, please download the Press Release below

Disclaimer

Coface SA published this content on 26 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2020 16:49:02 UTC


© Publicnow 2020
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Financials
Sales 2020 1 443 M 1 720 M 1 720 M
Net income 2020 58,1 M 69,2 M 69,2 M
Net Debt 2020 - - -
P/E ratio 2020 22,2x
Yield 2020 3,24%
Capitalization 1 335 M 1 589 M 1 591 M
Capi. / Sales 2020 0,93x
Capi. / Sales 2021 0,89x
Nbr of Employees 3 248
Free-Float 56,4%
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Technical analysis trends COFACE S.A.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Average target price 9,64 €
Last Close Price 8,87 €
Spread / Highest target 18,4%
Spread / Average Target 8,68%
Spread / Lowest Target 1,47%
EPS Revisions
Managers
NameTitle
Xavier Pascal Durand Chief Executive Officer
Nicolas Namias Chairman
Carine Pichon Chief Financial & Risk Officer
Keyvan Shamsa Director-Business Technology
Jean Arondel Non-Independent Director
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