Coface has recorded consolidated sales of 1,868.2 ME in 2023, up +6.0% on a like-for-like basis compared with 2022. On a reported basis (at current scope and exchange rates), sales are up +3.8%.

Operating income is up 1.6% to ME 362.9 in 2023. Net income (Group share) stands at 240.5 ME. This is stable compared with 2022 calculated using IFRS17, including 50.8 ME 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' says the group.

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