Report
Benoit Valleaux

AXA : Une politique plus favorable de retour de capital

>L’objectif de croissance du RO/action est réitéré - AXA a confirmé hier, lors de sa journée investisseurs, son objectif de croissance annuelle moyenne de son RO/action entre 3 et 7% sur 2015/2020 et vise toujours une génération de CF opérationnels cumulée sur 2016/2020 de 28/32 Md€. AXA a, en revanche, relevé son objectif de RoE courant à 14/16% (vs 12/14% auparavant) du fait de la bonne dynamique opérationnelle et de la dépréciation des survaleurs sur AEH qui sera p...
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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