Coface posts record net profit for 2022, with factoring up 10%


In 2022, the group posted a turnover of €1.8bn, up 13.4 per cent at constant exchange rates and scope. The insurance business (including surety and Single Risk) grew by 14.4 per cent, while revenues from the other divisions increased by 8.3 per cent compared to 2021. Those from factoring increased by 10 per cent and from information services by 11.6 percent.

In terms of profitability, operating profit jumped 32.2 per cent to €413.5m, with net profit amounting to €283.1m, up 26.5 per cent, which is the highest ever recoded.



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