Solid growth in the Group’s core business
The APRIL group posted H1 2019 consolidated sales of €526.5m, up 7.0% as reported compared to last year, and current EBIT up 17.5% to €49.5m.
Following this announcement, APRIL Group deputy CEO Emmanuel Maillet made the following comments:
We recorded good operating performances during the first half of 2019. Brokerage is up in our two business divisions, Health & Personal Protection and Property & Casualty, and specifically on our key markets, which contributed to the growth in our main financial indicators.
We have also begun the Group’s transformation towards a more open, multi-brand model: our loan insurance offer currently includes APRIL products and products from brands representative of the market, such as AXA, and more recently Generali. This enhanced range will be available on our Marketplace, which is set to be launched soon, enabling us to guarantee our partner brokers access to the best offer in order to meet the needs of each of their clients.
Finally, we have continued to refocus the Group’s business, specifically selling non-strategic activities such as local health insurance in the United Kingdom and Ireland, as well as Property & Casualty insurance in Colombia.