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    COFA   FR0010667147

COFACE SA

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

10/26/2020 | 11:50am EDT

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


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Financials
Sales 2021 1 508 M 1 827 M 1 827 M
Net income 2021 125 M 152 M 152 M
Net Debt 2021 - - -
P/E ratio 2021 12,1x
Yield 2021 9,51%
Capitalization 1 520 M 1 842 M 1 841 M
Capi. / Sales 2021 1,01x
Capi. / Sales 2022 0,97x
Nbr of Employees 3 396
Free-Float 84,0%
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Technical analysis trends COFACE SA
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 4
Average target price 11,68 €
Last Close Price 10,20 €
Spread / Highest target 22,5%
Spread / Average Target 14,5%
Spread / Lowest Target 9,80%
EPS Revisions
Managers and Directors
NameTitle
Xavier Pascal Durand Chief Executive Officer
Carine Pichon Chief Financial & Risk Officer
Bernardo Sanchez Incera Chairman
Keyvan Shamsa Director-Business Technology
Declan Daly Chief Operating Officer
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