Report
Groupama : An effective diversification effect in 2020 and a reassuring one in 2021
Financial results in 2020 reflected both Covid loss experience at various levels (lower revenues, higher claims costs and taxes), a highly diversified product mix that partly mitigated these effects, keeping operating profit above € 300m, and the desire by the mutual group, which is not subject to dividend payments to its shareholders, not to embellish its results by realising capital gains. - We think Groupama is capable of maintaining operating profit above € 300m in 2021. But in...
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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.
Carine Maciol
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