Coface Group

Analysts Consensus

Coface has compiled a consensus based on estimates received as of 11 April 2016

Coface SA collects analysts' estimates on the company financial performance and publishes the consensus prior to its quarterly results publication.
 
 
The consensus is the average of the different analysts' estimates who cover Coface SA and it will be published two weeks before the publication of the quarterly results.
 
This consensus has been prepared with estimates submitted to Coface before announcement made on April 18th 2016 about the agreement signed with Bpifrance for the transfer of Public Procedures before end-2016.

Year 2016 est.

Coface wishes to draw the attention of the reader to the level of the standard deviation on each of the indicators presented in the consensus below.

 

A high level of standard deviation reveals discrepancies in the hypotheses retained by each of the contributors to this consensus when calculating their estimates.

 

Among others, these diverging hypotheses are:

  • The date of Public guarantees management activity transfer
  • Costs savings estimates expected in the scope of ongoing work aiming at improving Coface operational efficiency
  • Reserves estimates relating to the expected launch and announcement of an operational efficiency plan

The reader is invited to focus on the disclaimer below.

 

year-2016-est

Year 2017 est.

 

Coface wishes to draw the attention of the reader to the level of the standard deviation on each of the indicators presented in the consensus below.

 

A high level of standard deviation reveals discrepancies in the hypotheses retained by each of the contributors to this consensus when calculating their estimates.

 

Among others, these diverging hypotheses are:

  • Costs savings estimates expected in the scope of ongoing work aiming at improving Coface operational efficiency
  • Reserves estimates relating to the expected launch and announcement of an operational efficiency plan

 

The reader is invited to focus on the disclaimer below.

 

year-2017-est
DISCLAIMER 
This analyst consensus has been prepared with the most recent estimates submitted by various financial analysts to Coface SA as at April 11th 2016. It includes key indicators only and does not purport to be comprehensive. The Coface Group takes no responsibility for the use of these materials by any person.
 
The estimates and any related opinions, forecasts, projections, predictions or expectations, are the sole responsibility of the analysts concerned. Coface has not commented on nor verified any (individual) estimates and it does not express any opinion on nor endorses the estimates or their correctness and accuracy in any way. Coface accepts no liability in respect of the analyst consensus and undertakes no obligation to provide updates or revisions.
 
It should be noted that estimates are, by definition, forward looking and are therefore subject to risks and uncertainties which are subject to change at any time and which may materially affect eventual results.
 
The information contained in-here has not been subject to independent verification. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein.
 
This analyst consensus is provided for information purposes only. It should not be seen as a recommendation to buy or sell financial instruments in Coface SA, or to take or refrain from taking any other action. None of the Coface Group, its affiliates or its advisors, nor any representatives of such persons, shall have any liability whatsoever for any loss arising from any use of this document or its contents or otherwise arising in connection with this information.
 
More comprehensive information about the Coface Group may be obtained on its Internet website. The Group’s financial and strategic information, as well as the integral regulatory information can be found at the following address: http://www.coface.com/Investors.

Analysts covering Coface

Coface Group has been listed on Paris Stock Market since June 2014. The stock COFA is covered by analysts who regularly publish research notes on the Group.
 
You will find below the list of main financial analysts who cover COFA shares. This list is provided for information purposes only and might be non-exhaustive nor up to date.
 
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