French credit insurance specialist Coface reported an increase in annual sales on Tuesday, but expects slower growth this year.

The group reported sales of 1.87 billion euros, up 6% at constant exchange rates and scope of consolidation.

Operating income came to 362.9 million euros, while net income (group share) stood at 240.5 million euros, stable compared with 2022.

In 2024, the company expects growth of 2.2%, after +2.6% in 2023.

Coface will propose a dividend of 1.30 euros per share, compared with 1.52 euros proposed last year.

(Written by Lina Golovnya, edited by Tangi Salaün)