Report
Benoit Valleaux

AXA : Le groupe réitère sa prévision de RO pour AXA XL en 2021

>Revenus moindres que prévu au T1 mais avec un bon mix-produits - AXA a publié hier soir après Bourse ses indicateurs d’activité du T1 2021 (conf call prévue ce matin à 9h CET). Les revenus totaux ont été de 30.7 Md€ (-3.0% en publié, +2% à données comparables), inférieurs de 1.5% aux attentes. L’écart par rapport aux attentes résulte essentiellement selon nous : 1/ du nettoyage de portefeuille chez AXA XL, 2/ d’un impact négatif de change supérieur aux attentes et 3/...
Underlying
AXA
AXA

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.

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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