Report
Benoit Valleaux

AXA : Résultat solide, cession d’ALE

>Le RO est supérieur aux attentes - AXA a publié hier son résultat du S1 18. Les revenus ont été de 53,6 Md€ (-1% en publié, +3% à données comparables) vs consensus de 54,1 Md€. Le RO a été de 3 298 M€ (+4% en publié, +9% à d.c.), supérieur aux attentes (cons. 3 107 M€), l’écart provenant essentiellement de l’ass. dommages (reprises de provisions) et d’une moindre charge au niveau de la holding (suppression de la taxe de 3% sur les dividendes). Le RN a été de 2 796 M€...
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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