APRIL: Sales of €690.4m up 7.0% at end September 2017

Sales growth of 6.3% like-for-like¹
Positive trends in brokerage confirmed as proforma commissions grew by 5% over the first nine months
Continuation of the targeted external growth policy
Current EBIT now forecast to grow between 1% and 4% compared to 2016

Following publication of the Group’s sales at the end of September 2017, APRIL CEO Emmanuel Morandini made the following comments:

“Business performances during these first nine months confirm the trends observed since the beginning of the year. We have seen continued growth, driven by the good performance of brokerage activities in Health & Personal Protection and Property & Casualty, as well as by the strong momentum of our insurance business.

In order to strengthen these upward trends, we continue to implement actions in line with our key growth drivers. As such, in order to export our renowned expertise in two-wheeled vehicle insurance, APRIL acquired Pont Grup in Spain, a specialist broker in this market.

The combination of those elements means that current EBIT should be back to growth as soon as 2017.”

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.

APRIL

24 October 2017