Coface: claims are rising…

Slow-down. At Coface, the last vintage resulted in internal growth of +6% despite the harmful effects of inflation and the economic slowdown. Even if the number of business failures tends to increase, operating profit increased slightly to +1.6% thanks to the cost control policy. The company will distribute a dividend of 1.30 Euro which corresponds to a high yield of 9.3%… For 2024, the loss ratio should continue its upward trend with an uncertain economic situation. This situation should penalize the company’s results…