April : Strategic discussions under way with the majority shareholder
>April yesterday evening reported a good set of 9M 2018 sales - April posted 9M 2018 sales of € 748.8m, up 8.5% in reported terms and 7.3% l-f-l. We note still-strong insurance premium growth at 13.9% in 9M 2018, albeit showing a slightly slower pace vs H1, while commissions growth is gaining momentum (+2.0% l-f-l vs 0.6% in H1 2018). Sales suffered a negative forex impact, but benefited from acquisitions (Public Broker in 2017, Benecaid and last September La Centrale...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.
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.
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