CNP posted FY 18 consolidated premium income coming in at €32,367m, up 4.1% yoy lfl (+0.7% as reported). Net insurance revenue stood at €3,113m, up 9.2% yoy (2.1% as reported). Consolidated EBIT was up 7.2% to €2,972m (1.2% as reported). Attributable net profit was €1,367m, +8.6% yoy (+6.4% as reported). A dividend of €0.89/share (up 6% yoy) will be proposed at the AGM, better than our estimates. Management announced its target to maintain a payout ratio within the ra
21 Feb 2019
Good but unexciting figures
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Good but unexciting figures
- Published:
21 Feb 2019 -
Author:
Bassem Neifer -
Pages:
3
CNP posted FY 18 consolidated premium income coming in at €32,367m, up 4.1% yoy lfl (+0.7% as reported). Net insurance revenue stood at €3,113m, up 9.2% yoy (2.1% as reported). Consolidated EBIT was up 7.2% to €2,972m (1.2% as reported). Attributable net profit was €1,367m, +8.6% yoy (+6.4% as reported). A dividend of €0.89/share (up 6% yoy) will be proposed at the AGM, better than our estimates. Management announced its target to maintain a payout ratio within the ra