Mixed Picture for Mints’ Annual Results

Both the Monnaie de Paris and the Mint of Finland have published their results for 2022. The French mint had a good year, the Finnish Mint did not.

Monnaie de Paris reported sales of €149.2 million for 2022, up 30% compared to 2020 and 2% compared to 2021. Turnover is the highest since 2012 and was achieved, says the Mint, despite the inflationary pressures, longer supply times and energy crisis caused by the pandemic and the war in Ukraine.

Net income was €5 million for 2022, compared to €4.5 million in 2021. After three years of losses between 2017 and 2019, 2022 marks the third consecutive profitable year and the best performance of the last six years, it said.

Sales of domestic (euro coins) was stable at €36.2 million, while foreign coin revenue at €30.5 million was up 9% compared with 2021 and close to its historical record of 2019. They include orders for Qatar, Costa Rica and Uganda.