Scor’s net income reached €286m, up 9.2% yoy. However, we have to take into consideration that, without the implementation of a new operational structure in the US, the H1 18 would have stood at €324m. We expect a positive H2 19, mainly with a satisfactory development in sales and a cautious approach to the US cat business. The strategic plan’s targets were achieved and investors are waiting for the new guidance, to be revealed in September. Our opinion is still positive
25 Jul 2019
Towards a safe year
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Towards a safe year
SCOR SE (SCR:PAR) | 0 0 (-0.2%) | Mkt Cap: 6,833m
- Published:
25 Jul 2019 -
Author:
Bassem Neifer -
Pages:
3
Scor’s net income reached €286m, up 9.2% yoy. However, we have to take into consideration that, without the implementation of a new operational structure in the US, the H1 18 would have stood at €324m. We expect a positive H2 19, mainly with a satisfactory development in sales and a cautious approach to the US cat business. The strategic plan’s targets were achieved and investors are waiting for the new guidance, to be revealed in September. Our opinion is still positive