Coface: net profit, group share of 240.5 ME


(CercleFinance.com) – Coface recorded consolidated revenue of €1,868.2 million in 2023, up +6.0% at constant exchange rates and scope compared to 2022. In published data (at constant scope and current exchange rates), turnover increased by +3.8%.

Operating profit amounts to €362.9 million in 2023, up 1.6%. Net income (group share) amounts to €240.5 million. It is stable compared to 2022 calculated with the IFRS17 standard, including 50.8 ME in the 4th quarter of 2023.

‘ For 2024, Coface anticipates a prolonged but soft landing of the global economy with growth expected at +2.2% after +2.6% in 2023. The downside risks are real with in particular an unprecedented accumulation of political elections, culminating at the end of the year with the American presidential election,’ indicates the group.

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