AXA : Operational trends remain favourable
>Continued strong revenue growth at group level - Yesterday after trading, AXA published its 9M activity indicators and is to hold a conference call this morning. Total group revenue was € 84,012m (+6.7% reported, +7% l-f-l vs average annual growth targeted at 5% between 2023 and 2026) a shade below the consensus (€ 84,142m) very slightly below our forecast (€ 84,562m). In P&C, revenue was € 44,466m (+7% l-f-l), up for both the personal (+6%) and commercial lines (+7...AXA is a holding company. Through its subsidiaries, Co. is engaged in insurance and assets management. Co. operates primarily in Europe, North America, the Asia-Pacific Region and, to a lesser extent, in other regions including the Middle East, Africa, and Latin America. Co. has five operating business segments: Life & Savings, Property & Casualty, International Insurance, Asset Management, and Banking. In addition, various holding companies within the AXA Group conduct certain non-operating activities. As of Dec 31 2013, Co. had total assets of Euro757,143,000,000.
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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