COFACE (EPA:COFA) Full Year 2024 Results
Key Financial Results
- Revenue: €1.89b (flat on FY 2023).
- Net income: €261.1m (up 8.6% from FY 2023).
- Profit margin: 14% (up from 13% in FY 2023).
- EPS: €1.75 (up from €1.61 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
COFACE Revenues Disappoint
Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) was mostly in line with analyst estimates.
The primary driver behind last 12 months revenue was the Mediterranean & Africa segment contributing a total revenue of €522.3m (28% of total revenue). Notably, cost of sales worth €1.06b amounted to 56% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €301.7m (52% of total expenses). Explore how COFA's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Insurance industry in Europe.
Performance of the market in France.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with COFACE (including 1 which is a bit concerning).
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About ENXTPA:COFA
COFACE
Through its subsidiaries, provides credit insurance products and related services for microenterprises, small and medium enterprises, mid-market companies, international corporations, financial institutions, and clients of distribution partners.
Good value average dividend payer.
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