A difficult H1 18 for Mapfre, which recorded a decline in all indicators: -8.7% in revenues to €14,091m, and -7.1% in net profit to €385m. Adjusted for the US exit plan in 2018 and the corporate transactions in 2017, the attributable result posted a 1.1% improvement. With the depreciation of emerging currencies, the profitability of the insurer is more than linked to the Iberian and reinsurance businesses. Earnings should show fragility with the current reorganisation processes in m
26 Jul 2018
A year of reorganisation
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A year of reorganisation
Mapfre SA (MAP:WBO) | 0 0 1.3% | Mkt Cap: 8,463m
- Published:
26 Jul 2018 -
Author:
Bassem Neifer -
Pages:
3
A difficult H1 18 for Mapfre, which recorded a decline in all indicators: -8.7% in revenues to €14,091m, and -7.1% in net profit to €385m. Adjusted for the US exit plan in 2018 and the corporate transactions in 2017, the attributable result posted a 1.1% improvement. With the depreciation of emerging currencies, the profitability of the insurer is more than linked to the Iberian and reinsurance businesses. Earnings should show fragility with the current reorganisation processes in m