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

Phoenix group : Importante génération de CF attendue au S1, incertitudes sur l’impact d’IFRS 17

>Une génération de CF importante - Phoenix Group publiera son RN du S1 2023 le 18 septembre prochain. Pour rappel, Phoenix Group n’a pas encore fourni ses chiffres pour l’année 2022 en IFRS 17, ce qui rend impossible toute prévision de résultat en IFRS 17 (et naturellement aucun consensus n’est disponible). Nous prévoyons une génération de cash-flow en baisse de 29.5%, à 670 M£ au S1 2023 vs une base élevée au S1 2022, soutenue par un niveau élevé de gains provenant d...
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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