Report
Benoit Valleaux

April : Bonne progression du RO au S1

>Hausse de 7,5% des revenus, toujours tirés par les primes d’assurance - April a enregistré des revenus de 492.1 M€ au S1 2018, en hausse de 7.5% en publié et de 7.0% à données comparables, en accélération par rapport au T1 2018 (respectivement +5.7% et +5.4%). Ces revenus sont supérieurs à notre estimation (485 M€e) du fait d’une croissance plus importante qu’attendu des primes d’assurance. Celles-ci ont progressé de 15,1% sur le semestre. Les commissions ont, pour l...
Underlying
APRIL

April Group designs, sells and manages insurance products through distributors, managers, insurers and reinsurers. Co. divides its activities into four divisions: Health and Personal Protection, Property and Casualty, International (mobility/assistance) and Protection and Legal Services. Health and Personal Protection designs, manages and distributes individual and collective policies; Property and Casualty designs, manages and distributes property and casualty policies for individual clients; International division (mobility/assistance) designs, manages, and distributes policies for individuals and businesses settled abroad; and Protection and Legal Services focuses of legal activities.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Benoit Valleaux

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