Coface: net income, group share flat at E240.5m

(CercleFinance.com) - Coface recorded consolidated sales of E1,868.
2m in 2023, up +6% LFL from 2022. Reported sales (at current scope and exchange rates) are up 3.8%.

Operating income rose 1.6% to E362.9m in 2023. Net income (group share) stands at E240.5m, flat compared with 2022 calculated using IFRS17, including E50.8m in Q4 2023.

For 2024, Coface anticipates a prolonged but soft landing for 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 US presidential election, it says.


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