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Coface posts 9M net income of €189.7m as turnover climbs 7.1%

November 15, 2023

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.

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