Nectria cinnabarina

Nectria cinnabarina, also known as coral spot, is a plant pathogen that causes cankers on broadleaf trees. This disease is polycyclic and infects trees in the cool temperate regions of the Northern Hemisphere. N. cinnabarina is typically saprophytic, but will act as a weak parasite if presented with an opportunity via wounds in the tree or other stressors that weaken the tree's defense to the disease. A study published in 2011 showed that this complex consists of at least 4 distinct species. There are only a few ways to manage this disease with techniques such as sanitation and pruning away branches that have the cankers. N. cinnabarina is not as significant a problem as other Nectria spp., some of which are the most important pathogens to infect hardwood trees.

from Wikipedia