AXA: strategic plan and 2021-23 targets don't really impress
(CercleFinance.com) - The AXA share is pretty flat in early trading on Tuesday (+0.
2% at 9.30 am, vs. +0.3% for the CAC 40), while at its virtual investor day, the insurance company presented its strategic plan, entitled, "Driving Progress 2023" and its main financial targets for 2021-2023.
The company targets average growth in underlying EPS 3%-7% p.a. between 2020 (on a normalised basis) and 2023, as well as an operating return on equity of between 13% and 15% between 2021 and 2023.
AXA plans to develop in health and providence, simplify the customer experience and accelerate its productivity efforts, strengthen underwriting performance, maintain its leadership in climate issues and increase its cash flow.
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