In its 9M results, Coface recorded net income of €189.7m, which includes €60.9m for Q3 alone.
Coface recorded a consolidated turnover of €1,417.8m for the first 9M, up +7.1% at constant FX and perimeter compared to the first 9M of 2022.
According to the firm, revenues from insurance activities (including surety bonds and single risk) increased by +6.6% at constant FX and perimeter.
Coface explained that this growth was bolstered by a rise in client activity at the beginning of the year which fell into negative territory in Q3 following a decline in inflation and the economic slowdown.
