APRIL delivers 2017 full-year sales of €928.4m, up 7.8%

Like-for-like¹ sales grew by 7.1%
Good performance in brokerage continued, with commissions up 4.0% like-for-like
Current EBIT is expected to be at the upper end of the results range

The APRIL group reported consolidated sales of €928.4m for the year ending 31 December 2017, up 7.8% compared with reported figures for the previous year. Following this announcement, APRIL CEO Emmanuel Morandini made the following comments:

“The upward trend recorded over the fourth quarter was a fitting culmination to a year marked by strong sales momentum for the APRIL group. Growth in commissions and premiums continued in both our divisions, improving each quarter and reaping the benefits of our key growth drivers.

Our sales have therefore increased for the third consecutive year. APRIL’s strong business momentum is illustrated by its performance in individual health and niche P&C in France, as well as international business such as expat health and travel insurance.

In the meantime, we completed a number of projects in the areas of digitalisation, optimisation of policy and claims handling and the turnaround of certain business activities. We will therefore pursue our action plan, in order to continue optimising and developing the group’s more profitable operations, turning around loss-making operations and carrying out acquisitions geared towards our development.”

[1] Proforma or like-for-like (LFL): sales at constant consolidation scope and exchange rates. This figure is adjusted for acquisitions, disposals and changes in consolidation method, as well as exchange rate fluctuations, calculated on the basis of the prior year financial statements converted using the exchange rate for the current year.

30 January 2018