Up 5.7% to €240.6m
- Like-for-like sales grew by 5.4%
- Very slight increase in brokerage commissions to €126.2m
- Strong growth in insurance premiums, up 12.1% to €114.5m
The APRIL group reported consolidated sales of €240.6m for the first three months of 2018, up 5.7% on reported data compared to the previous year. Following this announcement, APRIL CEO Emmanuel Morandini made the following comments:
Growth momentum was maintained during the first quarter of 2018. Commissions rose very slightly and insurance premiums continued to grow at a steady pace. Despite slowdowns in some business lines, the group continues to post good performances in several important areas, such as individual health and niche P&C insurance.
As announced, in 2018 we intend to maintain organic growth, continue to turn around our loss-making operations and carry out targeted external growth operations. In line with this strategy, we recently acquired Benecaid, a Canadian company specialising in local group private health insurance. This acquisition will enable us to continue to globalise one of our traditional areas of expertise.
APRIL continues to refocus and redeploy its activity towards value-added business lines, in order to generate sustainable growth.