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Yahoo
02-07-2025
- Business
- Yahoo
Coface SA: Half-year statement of the liquidity agreement of COFACE SA with ODDO BHF
COFACE SA: Half-year statement of the liquidity agreement of COFACE SA with ODDO BHF Paris, 2nd July 2025 – 17.45 Pursuant to Regulation (EU) No 596/2014 of 16 April 2014 on market abuse1 As per the liquidity contract granted by COFACE SA to ODDO BHF on COFACE SA shares (Code ISIN FR0010667147), the following assets appeared on the liquidity account as at 30 June 2025: 96,102 COFACE SA shares 3,219,337.8 Euros As a reminder, on the date of signature of the contract, the following resources appeared in the dedicated liquidity account: 76,542 COFACE SA shares 2,171,235.7 Euros During the period from 01/01/2025 to 30/06/2025 were executed: Buy transactions: 3,609 Sell transactions: 4,472 During the same period, the traded volumes represented: Buy transactions: 1,296,346 shares for 21,218,654.8 Euros Sell transactions: 1,399,811 shares for 22,916,282.9 Euros ANALYSTS / INVESTORSThomas JACQUET: +33 1 49 02 12 58 – Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – MEDIA RELATIONSSaphia GAOUAOUI: +33 1 49 02 14 91 – BILLET: +33 1 49 02 23 63 – FINANCIAL CALENDAR 2025(subject to change)H1-2025 results: 31 July 2025 (after market close) 9M-2025 results: 3 November 2025 (after market close) FINANCIAL INFORMATIONThis press release, as well as COFACE SA's integral regulatory information, can be found on the Group's website: For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2024 Universal Registration Document (see part 3.7 'Key financial performance indicators'). Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by can check the authenticity on the website COFACE: FOR TRADEAs a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment. Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets. In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion. COFACE SA is quoted in Compartment A of Euronext ParisCode ISIN: FR0010667147 / Ticker: COFA DISCLAIMER - Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 'Main risk factors and their management within the Group' of the Coface Group's 2024 Universal Registration Document filed with AMF on 3 April 2025 under the number D.25-0227 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group's businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance. 1 Also in pursuant to articles L. 225-209 and following of the French Commercial Code; the provisions of the General Regulations of the French Market Regulator (AMF) and the AMF decision No.2011-07 (March 21st, 2011), updating the accepted market practices on liquidity agreements. Attachment 2025 06 30 PR Half year declaration Liquidity agreementSign in to access your portfolio
Yahoo
21-04-2025
- Automotive
- Yahoo
2 Recession-Resilient Stocks to Drive Your Portfolio
Depending on whom you ask or what financial institution you listen to, the current odds of a U.S. recession in the near term fall roughly between 45% to 60%. The probability has been on the rise of late thanks largely to increased trade policy uncertainty and a potential slowdown in global growth due to U.S. tariffs. That said, here are two recession-resilient stocks to keep on your radar and found in the unlikeliest of places: the auto industry. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Ferrari (NYSE: RACE) is well-known for its racing heritage as well as its ultra-luxury vehicles, but it's not as well-known for its high-flying stock gains -- and that's a shame. As you can see in the graphic above, Ferrari has not only trounced industry peers with its gains, it's also lapped the S&P 500. The great news for investors is that the company is darn near recession-proof as well. One reason is because the automaker's consumers simply aren't your average earners, and their wealth enables them to continue buying Ferraris even amid economic uncertainty or downturns. These are committed consumers, too. There are long waiting lists, a mandatory holding policy for vehicle reselling, and a pretty strict approval policy -- and many consumers don't buy just one Ferrari. Another reason Ferrari is near recession proof is because it purposely keeps the sales volume of its vehicles in check, always ensuring there's more demand than supply. This helps support pricing power and also provides a little wiggle room for demand in the event of a significant economic downturn. But don't let its limited sales fool you, Ferrari is a cash printing machine with margins that more closely resemble ultra-luxury companies rather than mainstream automakers. Further, if you're craving growth, take the company's new F80, which was unveiled in October, and its hefty $3.9 million starting price tag to the bank. Ferrari instantly sold out of the limited models and Anthony Dick, who covers the auto sector for the Paris-based private bank ODDO BHF, told Barron's that it might only generate 2% of units sold but up to 20% of Ferrari's profit. In other words, investors can come for the pricing power, lucrative margins, or stock price gains, but you might find yourself staying for its recession resiliency. If you thought Ferrari was a nice find, AutoZone (NYSE: AZO) takes it a step further. In fact, AutoZone operates in what's called a countercyclical industry; meaning demand for auto parts increases when demand for new vehicles falls. That's why AutoZone has performed so well during recessions as consumers hold onto their cars longer and opt to repair rather than replace. But really AutoZone stock performs well in just about any market; you can see its consistency in the graphic below. "This is a defensive, resilient distribution business you can buy at a market multiple with the chance for earnings acceleration," says Andrew Choi, a portfolio manager at Parnassus Investments, according to Barron's. "But the multiple doesn't reflect the durability of its growth, despite the stock's outperformance." There is a long list of things that AutoZone does well, including its superior distribution model that has over 7,000 stores across the U.S., Mexico, and Brazil. A typical AutoZone store may carry 20,000 to 25,000 SKUs, but is backed up by larger hub stores that can carry twice that amount, and then mega-stores that can carry up to 4 times the SKUs. As a bonus for investors, the retailer also returns massive value to shareholders through share buybacks. In fact, over the past decade AutoZone has reduced its shares outstanding by roughly half. And if you're worried about all the tariff drama, AutoZone should be resilient to that as well because consumers need their car working, period. It's not a question of if, but when a recession will arrive. Owning stocks with durable businesses and competitive advantages could provide resiliency or, in AutoZone's case, even upside if the economy lulls. For those reasons, investors would be wise to keep AutoZone and Ferrari on their watch list regardless of what's happening with the economy or tariffs. Before you buy stock in AutoZone, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and AutoZone wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $524,747!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $622,041!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 153% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 14, 2025 Daniel Miller has positions in Ford Motor Company. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends Stellantis. The Motley Fool has a disclosure policy. 2 Recession-Resilient Stocks to Drive Your Portfolio was originally published by The Motley Fool Sign in to access your portfolio
