Coface recorded consolidated sales of €463.7 million in Q1 2024, down 1.6% at constant exchange rates and scope of consolidation compared with Q1 2023. On a reported basis (at current exchange rates and scope of consolidation), sales were down -2.4%.

Insurance sales (including bonding and single risk) were down -3.3% at constant exchange rates and scope of consolidation. Non-insurance sales were up +6.5%.

Operating income rose by 18.6% to MEUR 106.8. Net income (Group share) totaled 68.4 ME, up 11.9% on the first quarter 2023.

' Coface continues to implement its Power the Core strategic plan. In this respect, the first quarter is off to an excellent start, with most key indicators showing a positive trend', says the Group.

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