(€m) | H1 2013 | H1 2012 | CHANGE |
Consolidated sales | 392.0 | 384.8 | +1.9% |
Brokerage commissions and fees | 251.9 | 249.5 | +0.9% |
Insurance premiums | 140.2 | 135.3 | +3.6% |
Pro-forma consolidated sales | 392.0 | 385.2 | +1.8% |
Brokerage commissions and fees | 251.9 | 249.9 | +0.8% |
Insurance premiums | 140.2 | 135.3 | +3.6% |
By division, Health & Personal Protection recorded an increase of 0.8% to €251.2 million in the first half, with growth of 3.3% for brokerage commissions and fees, thanks to good performances by group and expatriate insurance. Insurance premiums recorded a decrease of 3.4%, linked as before to the outsourcing of lender risk.
Property & Casualty recorded an increase of 4.2% (and of 3.9% on a pro forma basis). The 2.6% decrease in commissions and fees was due largely to the continuing streamlining of the APRIL Mon Assurance distribution network and to a negative currency effect amounting to around €1.9 million, mainly on the travel assistance activity in South America. At constant exchange rates, commissions and fees would have been more or less stable in the first half. Insurance premiums recorded an increase of 18.2% to €53.9 million.
Note that Mobility-Assistance, identified as a strategic activity in the group's international development, recorded growth of 12.2% on a reported basis and 16.2% at constant exchange rates in the first half.
Sales by division
IFRS - €M | H1 2013 | H1 2012 | CHANGE | H1 2012 PRO FORMA* | CHANGE |
Health & Personal Protection | 251.2 | 249.1 | + 0.8 % | 249.1 | + 0.8 % |
Commissions and fees | 160.9 | 155.7 | + 3.3 % | 155.7 | + 3.3 % |
Premiums | 90.3 | 93.5 | - 3.4 % | 93.5 | - 3.4 % |
Property & Casualty | 146.0 | 140.2 | + 4.2 % | 140.6 | + 3.9 % |
Commissions and fees | 92.1 | 94.5 | - 2.6 % | 94.9 | - 3.0 % |
Premiums | 53.9 | 45.6 | + 18.2 % | 45.6 | + 18.2 % |
Intra-group eliminations | - 5.2 | - 4.5 | - | - 4.5 | - |
Quarterly sales
(IFRS - €M) | 2013 | 2012 | EVOLUTION | S1 2012 PRO FORMA* | EVOLUTION |
1st quarter | 193.0 | 191.4 | + 0.8 % | 191.6 | + 0.7 % |
2nd quarter | 199.0 | 193.5 | + 2.8 % | 193.6 | + 2.8 % |
3rd quarter | - | 197.0 | - | - | - |
4th quarter | - | 191.7 | - | - | - |
Total | - | 773.5 | - | - | - |
* Pro-forma consolidated sales represent sales at the same consolidation scope as for the period under review.
All regulated information is available on www.april.fr/finance.
APRIL will publish its results for the first half of 2013 on 29 August 2013 after the market closes.
About APRIL:
APRIL designs, manages and distributes insurance solutions and assistance services for individuals, professionals and businesses. Founded in 1988, APRIL has nearly 4,000 members of staff, is established in 37 countries and achieved a turnover of €773.52m in 2012. APRIL is listed on Euronext Paris (Compartment B, SRD - deferred settlement service).
Contact
Jean-Marc Atlan [ EKNO ] / Advisor to the CEO
+33 (0)6 07 37 20 44
jean-marc [dot] atlan[at] ekno [dot] fr
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