COFACE Second Quarter 2024 Earnings: EPS: €0.49 (vs €0.45 in 2Q 2023)

COFACE (EPA:COFA) Second Quarter 2024 Results

Key Financial Results

• Revenue: €493.3m (up 3.6% from 2Q 2023).
• Net income: €73.8m (up 9.1% from 2Q 2023).
• Profit margin: 15% (in line with 2Q 2023).
• EPS: €0.49 (up from €0.45 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

COFACE Earnings Insights

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.3% 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 still need to take note of risks, for example - COFACE has 3 warning signs (and 2 which are a bit unpleasant) we think you should know about.

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