Report
Benoit Valleaux ...
  • Steven Gould

Mapfre : Début d’année encourageant sur l’underlying

>Opinion Surperformance maintenue – OC inchangé à 2.4 € - La publication des résultats T1 2023 ressort globalement solide sur l’underlying malgré un RN s’établissant près de 25% en deçà des attentes à 128 M€. L’essentiel du ‘décalage’ s’explique par l’impact significatif associé aux séismes en Turquie (coût 77 M€). Nous réitérons notre opinion Surperformance sur le titre, avec un objectif de cours inchangé à 2.4 €, laissant à ce stade inchangées nos estimations en att...
Underlying
Mapfre SA

Mapfre is an insurance company based in Spain. Co. is the parent company of a group engaged in the underwriting and provision of insurance in Spain and abroad. Insurance policies provided include: life, non-life, accident, home-owner, general and health. Through its subsidiaries, Co. is also engaged in the provision of reinsurance, the management of investment funds, pension funds and pension plans, real estate and related services. On the domestic market, Co.'s activities include managing investment funds, pension funds and pension plans, real estate and other service businesses.

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

Steven Gould

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