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Coface: H1 revenues up but profit down

( - Coface has reported H1 revenues of E960m, up 11.
1% LFL and up 9.9% as reported, compared with H1 2022.

In particular, credit insurance grew by +11.2% at constant exchange rates, customer retention was at a record level (94.4%), and the momentum in information services continued, with double-digit growth (+14.8% at constant exchange rates), the company said.

Against this backdrop, Coface posted net income (group share) of E128.8m, down 5.1% at constant exchange rates.

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