Report
Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

Phoenix group : Des tendances opérationnelles attendues solides au S1

>Une génération de CF importante - Phoenix Group publiera son RN du S1 2022 le 15 août prochain. Nous prévoyons une génération de cash-flow importante à 701 M£ au S1 2022, en baisse de 19.6% vs une base très élevée au S1 2021, qui comprenait notamment 0.3 Md£ d’impact positif des actions managériales menées par le groupe y compris synergies d’intégration suite à l’acquisition de ReAssure mi-2020. Notre prévision de CF est très légèrement supérieure au consensus (692 ...
Underlying
Phoenix Group Holdings plc

Phoenix Group Holdings is a closed life and pension fund consolidator. Co. manages manage life insurance funds which no longer actively sell new life or pension policies and which run-off gradually over time. Co. has one reportable segment, comprising its investment in and loans to/from Co.'s entities. Its revenue principally comprises the dividend and interest income derived from these investments and loans. As of Dec 31 2014, Co. had approximately 5.0 million policyholders and about £52.30 billion of total life company assets.

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

Roland Pfaender,MBA,CFA,CCRA

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