ENXTPA:COFAInsurance
Coface (ENXTPA:COFA) Stock Price Meets Revenue Growth And Cost Pressure
Coface stock closed at €15.8 after a choppy week that left the 7 day return slightly in the red, yet the headline from these Q2 numbers is not about a miss or a shock. The trade credit insurer reported net income of €54.2m on revenue of €511.9m, while the group highlighted a combined ratio of 71.3% and a solvency ratio close to 194% for the first half. Short term traders focused on price noise. Long term investors are weighing a company that is committing to growth investment while still...